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What is the statute of limitations on a mortgage deficiency

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adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Wed Sep 07, 2011 8:21 pm    Post subject: Like 0 Dislike 0 Hi Guest, You should check out your credit report and find out the status of your mortgage account. If the mortgage has been charged off, then a collection agency can contact you for the payment of the debt. _________________ Procrastination is the enemy of your financial success
Lew Guest	Posted: Mon Jan 23, 2012 11:15 am    Post subject: Forclosure Like 0 Dislike 0 I stoped making payments on a home 5 years ago, the mortgage co has never contacted me about the payments in all that time. I recently stopped paying the insurance and property taxes, then they contacted me for that but not the payments. What are my rights? I live in AZ and there is a no judgement on balance on property under 2 1/2 Acres as long as it is a one family residence. Thanks
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Wed Jan 25, 2012 1:02 am    Post subject: Like 0 Dislike 0 Hi Lew, You are liable for the mortgage payments as well as the insurance and property taxes. You need to contact the lender and ask them to foreclose the property asap so that you can get rid of the debts and the property. You should also check out the status of your loan as well by contacting the lender. Thanks
Char Guest	Posted: Fri Feb 17, 2012 10:01 am    Post subject: Ky statue of limitation on note/mortgage between family Like 0 Dislike 0 Is there a time limit in Kentucky that a claim can be made against the son for the note/mortgage debt a father placed on the property that was transferred to the son. The father passed away in 2003. Now a family member is going after the son in 2011/2012.
Guest	Posted: Mon Feb 20, 2012 2:55 am    Post subject: Like 0 Dislike 0 Hi Char, If the mortgage has been transferred in the name of the son, then the family member can definitely go after the son in order to recover the mortgage debts. If the son cannot pay off the debts, then the family member can foreclose the property in order to recover the debts. Thanks
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Mon Feb 20, 2012 2:58 am    Post subject: Like 0 Dislike 0 It was me above... just forgot to login.

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