My first mortgage was foreclosed on but the second continues to hound me (6 years later). They keep refiling every six months to keep themselves on my credit report. How long can they do that? I thought that they could only be on the report for 7 years total.Need Advice on Second Mortgage When First Is Foreclosed On?
Actually 7.5 years on the CREDIT reports but if the total is substantial expect that they may take it to court.
Check your states Statute of Limitations for COLLECTIONS.
IF they file suit and it is outside the SOL for COLLECTIONS you simply GO TO COURT when summonsed and tell the Judge sorry this is outside the SOL for COLLECTIONS and the case will be dropped.Need Advice on Second Mortgage When First Is Foreclosed On?
They will probably end up filing suit once it gets close to the 7 1/2 year limit. A judgement will then stay on for 10 years.
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