what happens after the 12 year rule

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what happens after the 12 years, we pay a very small amount to the mortage co each month we have about 3 years left on the limit of 12 years, do the mortage companies try to extent that 12 yr rule?

-- douglas warren Markert (douglas@markert.freeserve), January 30, 2000

Answers

If you are paying monthly your limit will only be from the last payment ie a month ago, not 12 years!

1 time runs from last payment or 2 date of written admission

-- (ahmadbutt@talk21.com), April 16, 2000.


BUT ONCE A LIMITATION DEFENCE IS AQUIRED IT CANNOT BE LOST

-- Neil Cawley (NeilRLCawley@cs.com), October 04, 2000.

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