Some deadbeat named Obduskey financed a house in 2007. By 2009, he couldn’t be bothered to send in payments like the deadbeat that he was.
So Wells Fargo, the people who loaned the money to that deadbeat motherfucker, hired McCarthy & Holthus to do a non-judicial foreclosure on the home. (Non-Judicial just means they tried to privately collect the debt, vs take him to court and get a judgement against him.)
M&H did their thing, and Obduskey knew the jig was up. But this squirrely motherfucker was trying to avoid getting his ass kicked out. So he wrote some bullshit letter trying to dispute the debt. He wasn’t paying, yet somehow, he wanted to quibble over how much he owed them, instead of accepting that he just stopped paying altogether. I don’t even know this piece of shit, and I want to slap him.
Anyway, There’s some bullshit law called Fair Debt Collection Practices Act (FDCPA) which basically protects the consumers from harassing debt collectors. Never mind the poor debt holders that got screwed over by these dead beats—fuck them. What is wrong with our country that a dead beat has more protection under the law, than the people who loaned them money and got screwed by the deadbeat in the first place?
Sorry, I keep getting off track.
One of the rules of the FDCPA is that if the person sends written intent to dispute the debt, debt collections have to stop until it can be resolved.
But M&H said,
SCOTUS was asked to decide if the FDCPA apply to non-judicial foreclosure?
All nine told Obduskey to go fuck himself. A foreclosure is an attempt to recover the property so they can be made whole, not collect a debt. Meaning, they’ll sell his shit and get their money, and aren’t trying to get Obduskey to pay like a traditional debt collector.