What can I do about a debt collector trying to pressure me into paying them over the phone with a check for the debt from my foreclosure 3 years ago?

About 3 years ago I was jobless and lost my home to foreclosure. It had an 80/20 mortgage. At the end of that year I received a 1099 for the taxes on the 80 part. A year later I was contacted by a debt collector that had bought the debt from the mortgage company. They would call from time to time to see if I could pay. We are a typical struggling family and I can’t pay the amount. Now they want me to pay over the phone by check for a “settlement” amount much less than the original. I am very skeptical now. Do I have any recourse? They want to sue me now.

Asked on February 29, 2012 under Real Estate Law, Michigan


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