reply to post by CheckPointCharlie
If it's been seven years in three more years the whole mortgage is going to fall off of your credit report. If there is no judgement it might have
already fallen off. Also DO NOT VALIDATE ANYTHING. Do not sign anything stating you owe the debt.
There is a time limit for how long they can litigate against you for debts. Meaning they have a window within which they can summon you to court for a
My advice is to make sure that by paying the debt you won't be reopening the statute of limitations by doing so. It is an unfortunate world, but you
may destroy your own life by paying this debt.
-You need to check your state laws for statute of limitations for litigating on debts(second mortgages especially)
-Do not hire a debt collection agency, they are complete idiots with a high school education if that. If you need to hire anyone, hire a personal
lawyer. Not a company that has debt collectors with a supposed attorney watching over them. In other words, make sure that the person calling on your
behalf, and speaking to you is the actual attorney.
-Do not pay this debt or admit to owing it until you find out the laws in your area
-Mortgages with judgments fall off of credit report in 10 years, get what I'm saying? Meaning they never return. If this company does not have a leg
to sue you on then their debt means diddly squat.
-They've already written this debt off
Let me know if you want more help. I was a collector for near eight years, however, you REALLY need to obtain an attorney for this. You could get
screwed pretty bad without one.
Here's a couple of forum stuffs I found online
Based on this information, yes you can be sued. Which means that if this was waaaay back in 2006 it's very possible they've missed their window to sue
you. It just depends on state law. Meaning that their letters are a last ditch effort to collect before this falls off your credit report and into
edit on 12-12-2013 by OrphanApology because: d