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mgrupp · Joined: 09 Oct 2009 Posts: 1 1.30 Dollars($)

If a bank gets a deficiency judgement, how long does it last? How long do they have to collect?

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

They can start to comeafter you immeditely after the judgement

And it can go as logn as you do nto pay

jenkin7 · Posted: Sat Oct 10, 2009 2:07 am Post subject:

Hi mgrupp,

A deficiency judgment is valid and stays on your credit report until the SOL (statute of limitation) expires. Once the SOL expires, your creditors will not be able to come after you for the deficiency. The period of SOL is generally 6-10 years, though it varies from one state to another. You need to check your state laws to know how long the SOL period last in your particular state.

leeelliot61 · Joined: 13 Sep 2009 Posts: 188 0.01 Dollars($)

Lender has legal right to collect deficient money from you now. a lot depends upon Lender & deficient money.

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how long does a deficiency judgement last