My lender is requiring three disputed collections to be paid off when I refi. I have gone through the process of attempting to get the debts validated/confirmed, and all three agencies have failed to respond within the requisite time as defined by FCRA. They also failed to follow up with my second and third set of letters that I sent to them. Can the mortgage lender enforce a payoff of these debts when their validity is in question? Do I have an recourse against the lender if these items are ultimately removed from my credit report?
Complicated question. Maybe one of the mortgage people on here can answer it. I know you can sue the CA's and CRA's for holding up your mortgage, if the debts really are not yours.
