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Response to money judgment order

from M Amos (idgroms@hotmail.com)
Sara,

My own, non expert opinion, is that it is to your advantage that they don't have an MJO. The reason being that if they do, then they can chase you for the shortfall indefinitely, due to a recent appeal court case. I am trying to get a number of questions answered on MJO's, but it is proving quite difficult to get clear answers. I am considering adding a new proposal(if I can) to the mortgage shortfall e-petition stating that an MJO should run for the same period as the limitation period, and start at the same time. Any thoughts on that from anyone? As I understand it they can still request an MJO from the court after repo, but I don't know how long after they are able to do this.

Best wishes,Mark.

(posted 7852 days ago)

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