Subject: Request for Debt Verification and Immediate Cessation of Foreclosure Proceedings — North Dakota Property [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Foreclosure Attorney's Name] [Foreclosure Attorney's Firm] [Address] [City, State, ZIP Code] Dear [Foreclosure Attorney's Name], Re: Verification of Debt and Urgent Request to Cease Foreclosure Proceedings — North Dakota Property [Property Address] I hope this letter finds you in good health. I am writing to formally request the verification of the debt associated with the foreclosure proceedings concerning the aforementioned property. It is crucial that all necessary documents and information be provided as soon as possible. I am aware that the foreclosure process has already been initiated, and it is within my legal rights to request thorough verification of the alleged debt. According to the Fair Debt Collection Practices Act (FD CPA) and other applicable laws, I am entitled to receive written verification of the debt amount, its origin, and support documentation outlining its legitimacy. To ensure transparency and a fair resolution to this matter, I kindly request that you provide the following information within [15] calendar days of receiving this letter: 1. Detailed breakdown of the debt: a) The original loan amount and its terms. b) All accrued interest charges, fees, and penalties imposed. c) Any additional charges related to the foreclosure proceedings. 2. Documentation providing evidence of the debt's legitimacy: a) Complete copies of the mortgage agreement and all loan modifications, if applicable. b) All records showing the assignment, ownership, and beneficial interest of the mortgage. c) Copies of all loan payment records, including receipts or statements, from the loan inception until the present date. d) Proof of compliance with all relevant state and federal laws, regulations, and recording requirements. 3. Verification of the issue of default: a) Concrete evidence demonstrating that a default has occurred, including payment history, missed payments, and written notifications. b) Any attempt made by your client or their representatives to contact me regarding the alleged default or arrangements for resolution. I must emphasize that failure to provide the requested information within the specified time frame will be interpreted as an acknowledgment that your claim lacks merit and may violate my rights under applicable state and federal laws. Furthermore, I demand the immediate cessation of all foreclosure proceedings until the debt's verification has taken place. Should you fail to comply with this request, it may result in legal actions taken against your client, your firm, and any involved parties for violations of federal debt collection laws. Please note that any communication regarding this matter should be conducted in writing, and all future correspondence should be delivered to the address listed above. Thank you for your prompt attention to this request. I trust that you will handle this matter accurately and expeditiously to facilitate a fair resolution. Yours faithfully, [Your Name]
North Dakota Sample Letter to Foreclosure Attorney to Provide Verification of Debt and Cease Foreclosure
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FAQ
Collectors who don't send these letters could get in trouble with the Federal Trade Commission (FTC) if you file a complaint against them. To formally request debt validation, start by sending a letter via certified mail to the debt collector ? LendingTree's debt validation letter template can help you get started.
In this article, ?debt validation letter? means the initial notice a debt collector must send you under federal law, and ?debt verification letter? means a letter you send to the debt collector to request more information and/or to dispute the debt.
If the collection agency failed to validate the debt, it is not allowed to continue collecting the debt. It can't sue you or list the debt on your credit report. Why request validation, even if you're ready to pay and you know it's your debt? Simple.
Although you can ask for many details, debt collectors are only required to provide information on the original creditor, the balance owed and the name of the person who owes the debt before resuming collection efforts.
Within five days after a debt collector first contacts you, it must send you a written notice, called a "validation notice," that tells you (1) the amount it thinks you owe, (2) the name of the creditor, and (3) how to dispute the debt in writing.
While debt validation requests can be a useful tool, they are not effective at resolving the issue. In most cases, creditors and collection agencies are able to provide the necessary documentation to prove the validity of the debt.
Debt validation, or "debt verification", refers to a consumer's right to challenge a debt and/or receive written verification of a debt from a debt collector.
State the amount of the debt when you obtained it, and when that was. If there have been any additional interest, fees or charges added since the last billing statement from the original creditor, provide an itemization showing the dates and amount of each added amount.
