Another (potential) loophole for homeholders

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Another (potential) loophole for homeholders

Postby cheapseats » Thu Aug 06, 2009 9:20 pm

I was reading calculated risk today and a lawyer from Fl referenced that FL has a statute of limitations of 5 years on debt recovery.

Stating further that people who remained in their homes after being foreclosed upon had to be evicted within 5 years or the debt had to be annulled. This is becoming an issue because several people are at 3+ years and the glut of forclosures is clogging the judicial system....

That made me look for this,
http://www.fair-debt-collection.com/SOL-by-State.html

Not sure how reliable the info is, but it shows Wa at 10 years.
cheapseats
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