Can quitclaim deed be challenged?
Though a quitclaim deed is a common way to transfer ownership, it is possible to legally challenge one. If a quitclaim deed is challenged in court, the issue becomes whether the property was legally transferred and if the grantor had the legal right to transfer the property.
Can I take legal action against debt collectors?
Although the debt is still legally acknowledged as being owed, the creditor is not able to take any legal action against the debtor in order to recover the debt. It is considered unfair if a creditor or debt collector misleads the debtor into believing the debt is still legally recoverable.
How do you nullify a quit claim deed?
Once the transfer is complete, there is no way to nullify or undo a quitclaim deed unless both parties consent to the arrangement. If the original grantor does agree to take back the property, you must draft and file a new quitclaim deed to void the original.
Do quit claim deeds need to be notarized?
Do I need to have my Quitclaim Deed notarized? Yes, after the Grantor signs the Quitclaim Deed, it must be signed and stamped by a notary public to verify that the Grantor’s signature is authentic before it can be filed with the County Clerk’s Office.
Can a debt collector Sue you for old debt?
Regardless of what a creditor or collector tells you, they do not sue over old debt. “Old” debt refers to debt that is more than four years old. In fact, there are statutes of limitation in every state that regulate the collection of old debt. Sometimes,…
Can a collection agency still try to sue you?
Even if a collection agency can no longer sue you, they can still make efforts to collect the debt from you. That includes calling you, sending letters, or reporting the debt to a credit bureau if the debt is within the credit reporting time limit.
What happens if I ignore a judgment from a debt collector?
If you ignore a court action, it’s likely that a judgment will be entered against you for the amount the creditor or debt collector claims you owe. Often the court also will award additional fees against you to cover collections costs, interest, and attorney fees. Judgments give debt collectors much stronger tools to collect the debt from you.
Can a debt collector Sue you under the FDCPA?
Your credit cards journey is officially underway. Keep an eye on your inbox—we’ll be sending over your first message soon. Lawsuits filed under the FDCPA increased 14 percent between November 2014 and November 2015, according to WebRecon, a consumer litigation monitoring company. In some cases, the penalties can be harsh.