Posted on: 07th Jan, 2011 09:41 am
do you know if there is a statute of limitation in delaware for a company to foreclose on a house due to a defualt on a home equity loan? i filed for bankruptcy and ,y home equity loan people said they weren’t going to pursue foreclosure because there was not enough equity in the house. i am willing to still pay them a monthly amount, but i’d hate to start paying them and then all the sudden the market goes back up and they decide to foreclose anyway. so will i have that hanging over my head for the rest of the time i am in the house, or is there a period of time in which they have to pursue foreclosure otherwise it is null and void?
As far as I know, the SOL in Delaware for property related issues is 6 years.