Sample bill of sale from debt buyer

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  • Опубликовано: 28 сен 2024
  • We talk a good bit about purchase agreements in debt buyer lawsuits and I wanted you to see a bill of sale and how it refers back to the purchase agreement.
    Thanks for watching!
    John
    John G. Watts
    Watts & Herring, LLC
    Representing consumers across Alabama
    205-879-2447
    www.alabamacon...
    www.alabamacon... (to send us a message)
    Our free weekly webinar is here -- my.demio.com/r... -- Join us if you can!
    "No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers."

Комментарии • 77

  • @audreymay9378
    @audreymay9378 3 года назад +10

    ❤️ing it! Keep ‘em coming, John.
    I appreciate you & your fabulous content

    • @johngwatts
      @johngwatts  3 года назад +2

      Thanks for the kind words! Have a great eve!!
      John

  • @CatharinaShields
    @CatharinaShields 3 года назад +7

    Does the Purchase Agreement list the account debt buyers are trying to collect on? Because the Bill of Sale/Assignment does NO such thing which makes me wonder...what gives _them_ the right to believe the account is theirs and they may collect on an account.

  • @EasyBakeBBQ
    @EasyBakeBBQ 3 года назад +6

    Thanks Again and Keep Putting out Great Videos!!!

    • @johngwatts
      @johngwatts  3 года назад +1

      You are very welcome and will do!

  • @cryptosliceoflife3081
    @cryptosliceoflife3081 2 года назад +2

    Your videos are a wonderful public service. thanks so much!

  • @TheRonnierate
    @TheRonnierate 3 года назад +4

    Very helpful! Many thanks.

    • @johngwatts
      @johngwatts  3 года назад

      You are most welcome -- thanks for watching and commenting.

  • @robertnewman3566
    @robertnewman3566 3 года назад +3

    Excellent video!

  • @RussellD11
    @RussellD11 3 года назад +6

    Have you EVER seen one of those real "agreements"? so we can read

  • @BamaTasha008
    @BamaTasha008 3 года назад +7

    Do you have sample debt validation letter to send to a debt buyer? Portfolio Recovery to be specific. (I'm in Alabama also)

    • @johngwatts
      @johngwatts  3 года назад +5

      I do -- shoot me an email at john [at] wattsherring.com and I'll send you one thanks!
      John
      Or www.alabamaconsumer.com/contact-us/

    • @BamaTasha008
      @BamaTasha008 3 года назад +4

      @@johngwatts I did - thank you!

    • @johngwatts
      @johngwatts  3 года назад +2

      Check email -- should have a sample doc from me thanks!

  • @dudeman8323
    @dudeman8323 18 дней назад +2

    Just adding that the state of Maryland codified the requirement to "specify" information in the bill of sale. I can not believe how many default judgments occur in light of this!

    • @dudeman8323
      @dudeman8323 16 дней назад +1

      Going to follow up. Just won my case today, Pro se. The Judge was awesome and asked, "Where is this document" (referring to the purchase agreement) to the plaintiff's attorney... and this is after a recess to review the (Maryland) state code that he apparently was not immediately familiar with... after that he even cited a federal case and WHY the bill of sale needs to be specific. After the trial the plaintiff's attorney actually congratulated me... as well as several others witnessing the trial.

  • @Ga91772
    @Ga91772 2 года назад +1

    Loved this

  • @universalroots
    @universalroots 3 года назад +2

    Hey great video. I have a court date in a few month with midland. I noticed that the date of purchase on the bill of sale is incorrect. I was still in good standing with my credit card lender. Becuase the date of the bill of sale is wrong can I bring this up in court as another reason why I should see the purchase agreement. Is this a huge mistake having the wrong date of purchase on the bill of sale? Please lmk. Thank you. 🙏

  • @deiadraper6358
    @deiadraper6358 3 года назад +2

    What is the USC or code or statute that shows where Banks charging interest is illegal I kind of lost it much appreciate

  • @jeanblythe1595
    @jeanblythe1595 3 года назад +5

    Thank you so much for this! I'm looking at the dates of the terms and conditions and the Addendum No. 3 dated back in February for THIS BILL OF SALE AND ASSIGNMENT which is dated almost the end of October. That's quite a bit of time passing between the terms and conditions and Addendum No. 3 and the Bill of Sale And Assignment. Is this useful to point out, since I can just imagine the rapt attention that was paid to the terms and conditions and that Addendum dated all those months earlier? I would sure like to know what those were, especially since it would state under what terms and conditions etc. the debt buyer could use whatever they bought "for value received". Methinks the devil is in the details they are trying so hard to leave out. They have to produce the Master Purchase and Sale Agreement. Happy New Year's Eve!!!

    • @johngwatts
      @johngwatts  3 года назад +3

      I agree -- in this sort of stuff the details are critically important. Enjoy 2021!

  • @fantasyjenkins8086
    @fantasyjenkins8086 Месяц назад

    Is it lawful for 3rd party debt collectors to file a summons with the credit card company's name on it? It seems deceptive and looks as if they are actually representing on behalf of the company when in fact they aren't.

  • @harave7916
    @harave7916 3 года назад

    What about non judicial foreclosure?
    Can they foreclose and after 10 years since recieving a 1099c cancellation of debt. Just recently they send a letter of default just showing 4 late payments from 2020
    This suposeably debt collection has been recently in the past 2 years passed from several COLLECTION agencies.
    I believe the 1099c from 2010 was actual cancelled since they didn't go after the debt for 10 years.

  • @roshonda6909
    @roshonda6909 Год назад

    So what do I do if all I received after a debt validation letter was an old bill? Thank you so much for your videos!

  • @chefscollect2
    @chefscollect2 10 месяцев назад

    Hi Mr. Watts! I really appreciate all of your content and have been listening for a month now. With the understanding that you're in another state, i really need your opinion asap please. Ive spoken with a couple of attorneys out my way, but not getting the better advice you provide and have been. May we please arrange a phone call! I really need your professional opinion and or advice. Even if i have to pay you for a phone call. Im on the merge of filing BR, feeling overwhelmed. Anything would be greatly appreciated. Thank you sir and many blessings

  • @pinkconfidantp2me912
    @pinkconfidantp2me912 3 года назад +1

    I bought a car from someone online and he forgot to sing the title I have no way of getting ahold of him the DMV says he needs to sing it in order to put it in my name. Has are they deaf. I have bill of sale with his signature lol wtf Do I do forge his signature

  • @mkmitchell4028
    @mkmitchell4028 Год назад

    Im having a situation where the (3) reporting agencys including third party agency are reporting old credit and expired statues are still reporting it to my credit report. I received a letter from chase bank informing they knew the statue has expired but they will continue repoorting it as long as they want. Reminds me of a power corp flexing bullying the consumer i have been told thre isnt any thing i can do. Im 63 yrs old disabled please any suggestions

  • @Respectearnednotgiven
    @Respectearnednotgiven Год назад +1

    If nothing attached to the complaint but last monthly statement what next step if any? LVNV California

    • @johngwatts
      @johngwatts  Год назад +1

      Really need a CA consumer lawyer -- try www.consumeradvocates.org/find-an-attorney and see who defends debt collection lawsuits. Each state is different and you want someone who knows your particular rules etc.
      Best wishes
      John

    • @Respectearnednotgiven
      @Respectearnednotgiven Год назад

      @@johngwatts thank you 🙏

  • @Momtojoshcanpark
    @Momtojoshcanpark 3 месяца назад

    How do you respond if the bill of sale says this is the proof of ownership and does not mention a purchase agreement

    • @dudeman8323
      @dudeman8323 16 дней назад +1

      In my state (Maryland) the bill of sale has to list specifics, like name, account number and such. If not, agreement mentioned or not, it is not enough. The reason is that there would become a potential for multiple suits for the exact same debt. This was explained to me this morning by the Judge who ruled against the debt collector. The "agreement" has to list a specific account and if on a list of 10 or 100 all the other information needs to be redacted for privacy purposes. Also, like stated, the "agreement" could have language that limits the "buyers" rights to collect... I am not a lawyer, this is not legal advice.. but I did sleep in a Holiday Express in the last year and won my case on this basis today... so...

  • @pinaopina
    @pinaopina 3 года назад +2

    I’ve got served court papers by by a debt buyer. Do you know any attorney in Connecticut that specializes in this cases??? Because I’ve reached out to a couple of attorneys here and they automatically against me. I don’t know where to find one that can actually help me.

    • @johngwatts
      @johngwatts  3 года назад

      I don't know anyone specifically but try here -- www.consumeradvocates.org/find-an-attorney
      Hopefully that will help.
      Best wishes
      John

    • @pinaopina
      @pinaopina 3 года назад +1

      @@johngwatts thank you so much. I have to answer by jan 12. I really appreciate your help.

    • @johngwatts
      @johngwatts  3 года назад

      Very welcome!!

    • @bn8579
      @bn8579 3 года назад

      How did it go? I’m in CT too

    • @pinaopina
      @pinaopina 3 года назад

      @@bn8579 I couldn’t find someone to take my side. Basically I’m still paying this people and most likely pay to whoever buy this debt again.

  • @danachauvin9056
    @danachauvin9056 6 месяцев назад

  • @ShortyD90173
    @ShortyD90173 Год назад

    💎💎💎💎

  • @NaNa-2017
    @NaNa-2017 3 года назад +4

    Great video!

    • @johngwatts
      @johngwatts  3 года назад +1

      Thank you for watching and commenting -- hope have great new years!
      John

  • @goldengate4463
    @goldengate4463 3 года назад +7

    Great Video Attorney! Do you have an actual purchase agreement you can post so we can see it? Thank you and please keep up the great work!

    • @k1ngarthur290
      @k1ngarthur290 3 года назад +2

      yes please show us an actual purchase agreement and go through the fine print about how it says it there is no representation!

  • @bethart1985
    @bethart1985 3 года назад +6

    Searching through your videos! This is exactly the letter we recieved. Same debt buyer. Almost the exact date! Everything you said in this is exactly what is in our envelope! I commented on another video. But now we want to send a letter back stating we want a copy of the purchase agreement. Is this the best thing to do at this point?! Man you are a Godsend! You have no idea.

    • @bessyortega9537
      @bessyortega9537 3 года назад +1

      Hi Beth how your case whent? i got one. and im in need to find some info. on how to defend my self.😊

    • @bethart1985
      @bethart1985 3 года назад +3

      @@bessyortega9537 we ended up filing bankruptcy and had the meeting of the creditors and are now just waiting for the discharge papers. We have been waiting 2 months so far. But it all went smooth.

  • @danniprice5708
    @danniprice5708 2 месяца назад +2

    This video is sooo helpful. I am being sued my Midland Credit Management and they have been bombarding me with the same paperwork over and over. These Bil of Sale papers do not mention a purchase agreement. They call it a Recievables Sale Agreement but this Receiveables Sale Agreement is not included in the paperwork. Your video helped me take a closer look into what I am reading.😊 Thank you very much 😊

    • @johngwatts
      @johngwatts  2 месяца назад

      Very welcome and good luck!
      My suggestion is get with a consumer lawyer in your state to get some advice on this.
      Here is a link to help you find a consumer lawyer www.consumeradvocates.org/find-an-attorney in your state and also here is a video going over how to use the website ruclips.net/video/UNXO7qheGAc/видео.html.
      John Watts

  • @HiddenStoneArt
    @HiddenStoneArt 3 года назад +5

    Thank You Sir...

  • @Bluelineclapper312
    @Bluelineclapper312 2 года назад +2

    So I got an upcoming case here in Illinois the worst state of all with Midland credit and they sent me just like you said the bill of sale the affidavit credit card statements but no purchase agreement and one of those documents it says outright that it was bought in a pool of debts but there was no purchase agreement attached can I present this to the judge and get it dismissed?

  • @lamammadeuberhaxornovawils4430
    @lamammadeuberhaxornovawils4430 3 года назад +3

    What happens if they don't send you the bill of sale as requested and they keep sending the same statements as proof? What is my next step?

    • @bethart1985
      @bethart1985 3 года назад +3

      This is my question. I recieved what he has in the video. To me that doesn't prove anything.

  • @youramasterpiece8748
    @youramasterpiece8748 2 года назад +3

    Such a valuable information. Thank you for sharing!

  • @HammerHead202
    @HammerHead202 3 года назад +2

    What if you want to object to a witness appearing telephonically, and you object but then they say ok he will appear via zoom? then what?

    • @johngwatts
      @johngwatts  3 года назад +1

      I argue they need to come in person so they are in the courtroom, appreciate the importance of the trial and telling the truth, etc. Usually it is up to the judge to make the decision but I want to see them in the flesh....
      John

  • @charmed2u2
    @charmed2u2 2 года назад +3

    I just went to virtual court the other day. Attys hired to collect on behalf of lvnv or what ever they are called. I put up a good fight with everything I learned from youtube. They wouldn't budge. Said they have a bill of sale. I said that is here say etc.. They didn't budge. I made arrangements to pay but haven't paid yet. I did some research tonight. I found some government policies for my state of Massachusetts. Bingo. I found a paragraph that states the bill of sale has to include my name etc.. Not just be a generic form. The atty office is calling me tomorrow for my payment. I think I will tell them I want to see the bill of sale. If it is generic and does not have my name on it.....I will go to court and show the judge the printout of the Massachusetts law I found. Thanks for your great videos. I have watched a ton of them. P.S. I told the magistrate on the virtual meeting/telephone that anyone can just print out a bill of sale and fill it out. We will see what happens.

    • @johngwatts
      @johngwatts  2 года назад +1

      Good luck -- let us know how it turns out for you!

    • @cherrybomb0803
      @cherrybomb0803 Год назад +3

      What was the outcome?

    • @charmed2u2
      @charmed2u2 Год назад +1

      @@cherrybomb0803 Hi. I went to court and they never showed up.. They knew I was going to ask for proof that it was my debt. It was dismissed. Remember...you can challenge most debt but Capital One never sells their debt and they can prove you own the debt. Most other credit cards sell their debt and have not paper work. Good Luck.

  • @brianrichards7006
    @brianrichards7006 2 года назад +1

    If one is sued (and I doubt the debt collector in my case for $500 WILL sue) can't one request the master agreement in discovery?

  • @TheHockey1980
    @TheHockey1980 3 месяца назад

    Can we ask for the purchase agreement?

    • @dudeman8323
      @dudeman8323 16 дней назад

      If you go to trial and state your case... the Judge asks for that document... and is rather perturbed if the plaintiff's attorney doesn't have it. I feel lucky to have had a fair Judge. The moment things changed for me was when I stated, "The bill of sale has deficiencies" the Judge called recess to review the state code... I won.

  • @badbarneynobullet3175
    @badbarneynobullet3175 8 месяцев назад

    because the bank has signed the agreement with," without recourse" and you have already paid the bank.... research people research.

  • @robertocanela2589
    @robertocanela2589 Год назад +1

    Thanks for spreading wisdom

  • @Sir-Cyr_Rill-Nil-Mill
    @Sir-Cyr_Rill-Nil-Mill Год назад +1

    Q: Do you have a partner in North Carolina, S. Raleigh/Garner area?

    • @johngwatts
      @johngwatts  Год назад +1

      I don’t but if you want to reach out to me through my website let me know what you are dealing with and I’ll see if I know of someone that might can help or at least point you in the right direction thanks.

    • @Sir-Cyr_Rill-Nil-Mill
      @Sir-Cyr_Rill-Nil-Mill Год назад

      @@johngwatts I declined to go to the the hospital twice, was tricked the first time & forced the 2nd time. The 1st time has now gone to a collection agency. I cannot pay it. I don't even know if I can get hired in this "woke" world, being white male 52, having been denied even basic jobs for which I'm over-qualified.
      Rather frustrating, very glad I've laid up 9 months of food for my dog since he eats raw food.
      Hey! Thanks for responding.
      My real question is: Do I send a letter first stating: I do not believe you own the debt. Please send me the purchase agreement. Then send the refusal to pay/discontinue contacting me letter a couple days later. Or just send the two items together?
      Cherish is the new love,
      Be well.

  • @user-pj5ff6xw4x
    @user-pj5ff6xw4x Год назад

    You want the purchase agreement. From whoever they purchased the debt from.