02-16-2013 08:18 PM
I was working on a GW letter to an old Mortage Company from 2006. I did a google to see if I could find a email address and instead found this.
So if the OC is the one that verifies and reports back on a dispute to update, or verify, what happens if they never reply to the dispute?
AEGIS MORTGAGE CORPORATION
December 15, 2012
Aegis Mortgage Corporation and all of its subsidiaries and affiliates are now closed.
There are no postal or email forwarding addresses. There is no telephone number you can call for assistance.
There are no remaining offices or employees. No one is available to assist you with mortgage interest statements, employment verifications, credit reports, assignments, releases, discharges or satisfactions of deeds of trust or mortgages, or any other questions or inquires about Aegis or loans originated or serviced at any time by Aegis.
Aegis is closed.
On August 13, 2007, the United States Bankruptcy Court for the District of Delaware entered Orders for Relief under Title 11 of Chapter 11 of the United States Code on behalf of Aegis Mortgage Corporation and most of its affiliated companies, including Aegis Correspondent Corporation, Aegis Funding Corporation, Aegis Home Equity, Aegis Lending Corporation and Aegis Wholesale Corporation, jointly administered under case no. 07-11119(BLS). The Aegis companies’ 2nd Amended Chapter 11 Plan was approved October 20, 2010, and became effective October 27, 2010. Aegis’s bankruptcy case was closed October 31, 2012. The final liquidation and dissolution of the Aegis companies was completed on December 15, 2012.
02-16-2013 08:36 PM
I have 5 30day lates and 6 60-day lates, they will all be gone fallen off by 4/14 but since theres no one to verify my dispute would the CRB have to delete?
02-16-2013 09:25 PM
interesting question. I've never done a dispute, but I'm interested to see how this pans out.
on the flip side, if theres nobody to validate it, there may also be nobody to remove it...unless the credit bureau does it.
02-16-2013 10:12 PM
CB would remove if no response to your dispute within the 30 day period...
02-16-2013 10:18 PM
02-16-2013 10:18 PM
Oooh... so in theory it kinda sounds like a slam dunk....
02-16-2013 10:22 PM
02-16-2013 10:28 PM
02-17-2013 02:35 AM
The CRAs are required to send a copy of the dispute to the party who furnished the information, and their response back to the CRA becomes part of basis for the CRA decision. The CRA, through their reinvestigation, makes the final decision.
As a practical matter, the CRA usually has no indenpendent basis for reaching a determination other than what the furnisher coveys back to them, but are not required to delete simply because they dont receive a response. The debt has an heir, so they may either receive a response from that party, or have information in their files indicating the paty now responsible for the account, and contact them. Hard to tell.
I would suspect that, absent any response from the current responsible party, they will delete.
02-17-2013 06:57 AM
^^ What Robert Said ^^
If the accounts from that company had any balances at all, they would have been sold to SOMEONE (ie heir). So, this is what im thinkin...
1) dispute- maybe they verify, or maybe they delete if they cant verify OR maybe the new heir didnt get all the details that werent considered important to the new heir (ex: maybe payment history was important to them, but not something obscure like the exact 'largest past balance'). so, id dispute the lates AND throw in something like that too.
2) MOV- if it comes back verified, id then go with a Method Of Validation. just because the heir has all of the info in their handy-dandy computer files doesnt mean squat if you really push the issue. ask for all copies be sent to you that was used to verify the information...premise being that maybe when they transferred ownership to the heir they didnt bother with all the old paperwork.
just my thoughts. good luck.