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Mortgage Release Dispute Resolution
Summary
PNC must provide evidence to support their claim of a balance owed in court. The estate can request debt validation. Consult an estate attorney for assistance.Full Conversation
National City closed and assets went to PNC bank. There was no balance owed but the recorded mortgage was never released by National City or PNC. There has been no action or contact of any kind regarding the Mortgage for over ten years. Mortgager asked PNC for release so he could sell his home. PNC responded by saying Mortgager owes over $*,*. Mortgager has no records to prove there is no money owed. PNC has turned the matter over to a collection agency. What should be done to obtain a release?
Here are some steps you might consider:
- Request a detailed statement from PNC and the collection agency to review the debt status.
- Gather any available documents related to the mortgage.
- Consider disputing the debt with the collection agency.
- Consult a local attorney for assistance in challenging the claim.
Have you considered contacting a local attorney for a more personalized solution?
- Request a detailed statement from PNC and the collection agency to review the debt status.
- Gather any available documents related to the mortgage.
- Consider disputing the debt with the collection agency.
- Consult a local attorney for assistance in challenging the claim.
Have you considered contacting a local attorney for a more personalized solution?
Mortgager has passed away
I'm sorry to hear about the mortgager's passing. In this situation, the estate of the deceased may need to address the mortgage issue. Here are a few steps to consider:
- Consult with an estate attorney to handle the deceased's estate.
- Review any will or estate documents for instructions on handling debts.
- Gather any known mortgage-related documents.
Would you like more information on estate attorneys in Colorado?
- Consult with an estate attorney to handle the deceased's estate.
- Review any will or estate documents for instructions on handling debts.
- Gather any known mortgage-related documents.
Would you like more information on estate attorneys in Colorado?
The estate can produce no records to dispute PNC. In court would PNC be require to produce evidence to support claim of a balance owed?
Case Rating: *
PNC would generally need to produce evidence to support their claim of a balance owed in court. Here are some considerations:
- PNC must demonstrate the validity of the debt.
- The estate could request debt validation or dispute the claim.
- Consider consulting an estate attorney for legal support.
If you need more assistance, feel free to ask!
PNC would generally need to produce evidence to support their claim of a balance owed in court. Here are some considerations:
- PNC must demonstrate the validity of the debt.
- The estate could request debt validation or dispute the claim.
- Consider consulting an estate attorney for legal support.
If you need more assistance, feel free to ask!
What is debt validation?
Case Rating: *
Debt validation is the process by which a debtor requests that a creditor prove the existence and amount of a debt. In Colorado, under the Fair Debt Collection Practices Act, you can request validation of the debt within 30 days of the collection agency's initial contact. The creditor must provide documentation proving the debt's validity.
Debt validation is the process by which a debtor requests that a creditor prove the existence and amount of a debt. In Colorado, under the Fair Debt Collection Practices Act, you can request validation of the debt within 30 days of the collection agency's initial contact. The creditor must provide documentation proving the debt's validity.
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