Quick Update on Florida Deficiency Collection Efforts
Recently, we have been receiving calls about Vantium Capital – Strategic Recovery Group – which is a Texas based company who is trying to collect on old Florida foreclosure judgments. In the files I have reviewed, Vantium enters into a collection agreement with Fannie Mae, who was the guarantor of a Bank of America Promissory Note.
The most often asked questions about these case are:
- Why am I receiving this letter now – several years have passed since my foreclosure or short sale?
- What do I do now – Do I have to file something with the Court?
- Can they sue for a deficiency if I was never served with the foreclosure lawsuit?
- I received an IRS Form 1099 – How can they still try and collect money from me?
For answers to some of these questions, please read:
Do you still have questions or comments? Then please feel free to Chat with Larry in the comments below, at info@hallandalelaw.com, or (954) 458-8655. If you have a specific or personal situation, please call or email Larry because he can’t answer specific fact questions in general comments.
Thanks for your nice comment.
While a matter is in mediation, usually that case is taken off of the trial call and the foreclosure is effectively stalled while the two sides negotiate. If mediation is successful, often the Lender’s next step would be to dismiss the Foreclosure action.