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Foreclosure Forum |
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Re: Not for another 10 years or more...In Reply to: can I lose? posted by g thomas on February 02, 2002 at 2:15 PM : have a mortgage filed that is three years overdo.I am starting forclosure on this note.Home is worth 4 times note.Can the person thats owes me get away from paying me? =========== The ancient mortgage statutes usually apply to stale mortgages or trust deeds after 10 years or more of non-payment, so I think youre all right no matter what state youre in. The person cannot defeat your lien based on the passage of just three years. So it looks good that you will get paid.
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