what happens after the 12 year rulegreenspun.com : LUSENET : Repossession : One Thread
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 (firstname.lastname@example.org), January 30, 2000
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
-- (email@example.com), April 16, 2000.
BUT ONCE A LIMITATION DEFENCE IS AQUIRED IT CANNOT BE LOST
-- Neil Cawley (NeilRLCawley@cs.com), October 04, 2000.