Legal Question in Consumer Law in Pennsylvania

Held in Contempt of settlement agreement

About 3 months ago we settled with a predatory lender. We signed a Consent Judgement in Foreclosure. In return the company paid us $15,000.00 and they said they would submit to the court in writing that they would omit our names from the Foreclosure listing in the local newspaper. They also promised to have the trade line

removed from our credit file with all 3 major credit reporting agencies. For the past two weeks the foreclosure has been listed in the newspaper along with our full names. Ihave sent certified letters to all three credit reporting agencies and have even given them the ame of the attorney representing the mortgage company to verify that the trade line should be removed. I have learned that it could take up to 30 days for this to be done. I received the latest reply from the credit reporting agencies and each have said that the ortgage company verfied that should remain on our credit file. Both of these promises are in writing to the Judge.

What recourse do we have? Is it time to get an Attorney to handle this or is it something that we can handle on our own?

This is very embarassing to us as we are very involved in our community ( Church, basebal association, cystic fibrosis foundation, etc).


Asked on 7/23/06, 3:52 am

1 Answer from Attorneys
Charles A. Pascal, Jr. Law Office of Charles A. Pascal, Jr.

Re: Held in Contempt of settlement agreement

You obviously need an attorney. Did you do the settlement with or without an attorney? (I hope you had an attorney for that). Now you're at the point of filing suit against the mortgage company for violating their agreement with you (the credit bureau reporting is MUCH MUCH more imporant than your name in the paper. After all, you did enter a consent judgment in foreclosure, which is a public document.)

Read more
Answered on 7/23/06, 10:35 pm


Related Questions & Answers

More Consumer Law questions and answers in Pennsylvania