Foreclosure Statue of Limitations - Delaware

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GeminiLiterally

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Post Posted: Fri Jan 07, 2011 10:41 am    Post subject: Foreclosure Statue of Limitations - Delaware
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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?
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Niicss




Joined: 03 Oct 2005

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Location: New Jersey
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Post Posted: Mon Jan 10, 2011 2:55 am    Post subject:
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As far as I know, the SOL in Delaware for property related issues is 6 years.
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