If you are being sued by your lender for breach of contract, you have the right to file a Progressive Leasing Lawsuit. You can also sue your lender even after he has given you a copy of the lawsuit to serve as notice that he is planning to sue you. In this case, you are the one who has the bigger responsibility to make the necessary arrangements to avoid the loss of the property and your credit score will not be damaged. You should start your own case as soon as possible so you can obtain the necessary documents and information in record time.
In the recent past, there were many people who lost their properties to foreclosure only because they failed to know the right method to filing for a Progressive Leasing Lawsuit. Some of them are even aware about the stipend rule but they somehow failed to use it at all or just simply overlooked it. In order for you not to fall into the same trap, read this information about the stipend rule in order to avoid any problems in the future. The rule is very important especially if you are residing in the state of Washington.
According to the United States Government, the plaintiff who files for the progressive leasing lawsuit must state the name of the landlord or the defendant, the property location and its description, and the exact circumstances under which the plaintiff was harmed. The plaintiff also has the duty to give an estimate of the damage done to his property or to the amount of the bond or insurance required by the defendant. The plaintiff should provide copies of repair estimates for all damages and for the bond or insurance obtained. The court can allow extensions if it finds that the information provided by the plaintiff is inaccurate.
In addition to the plaintiff’s statement about the name of the defendant, he is also required to provide the exact address of the property and its identification number. The address of the property should be in the names of the owner and his agent or in the names of the agent and the owner if the defendant is a corporation. The court will give the plaintiff one month to submit such information regarding the loan to the credit reporting agency. If it finds that the information is inaccurate, it will require the plaintiff to pay for it.
There are times when creditors and collection agencies try to collect money damages from the plaintiff. They harass the plaintiff to the extent that they have to file a lawsuit against them. This would result in court proceedings and expensive lawsuits for the plaintiff. If this harassment continues, they might lose their jobs. The state laws on progressive leasing also protect employers from harassment by their employees.
If you have been the victim of a debt collection agency, you should contact a lawyer who deals with lawsuits and this kind of cases. You should know that you are entitled to a lawsuit. Even if the plaintiff is bankrupt, you have the right to file a case against him. The lawyer will inform you on how to get the creditor to settle the debt for a fraction of its actual amount or for a contingency fee. You can choose the option that suits you best.