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#1
 
Old 07-15-2008, 02:09 PM
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GWD26 is on a distinguished road
Default Purchased debt

I read on a website (Creditwrench, I believe) that if an OC wants to sell a debt, he must do two things:
1. Inform the debtor that he is selling the debt, and

2. Give the debtor an opportunity to buy the debt at the same price.
Is this correct?
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#2
 
Old 07-22-2008, 09:00 AM
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JPolito830 is on a distinguished road
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From what I have learned, this is correct. You must 1st let the debtor know you are selling before proceeding.
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