Response to 12 Year rule?

Rue,

I think you need to be sure of the following:

a) Date of repossession

b) Date of sale of property

c) Date of Money Judgement Order, if there was one.

As I understand it still hasn't been decided (legally) whether a 6 or 12 year limit applies for mortgage shortfall or when this limit runs from. It may run from the date of first default on the mortgage, or from a,b,c, above. If anyone knows any better, I'm all ears. The Limitation Act 1980 states "An action upon a specialty shall not be brought after the expiration of 12 years from the date on which the cause of action accrued".

Incidentally, my property was repossessed nearly 10 years ago and ,I too, am still being harassed. Where Roger got his idea from I really don't know.

Mark.

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