Advice Needed
Junior Member
What is the name of your state? Florida, but the foreclosure took place in California
I received a letter from a 2nd mortgage I had on a house back in 1995 that was foreclosed on. They stated I owed 52,000 or would incur legal costs if they had to pursue me paying this debt. When I called to find out what the heck this was all about, she said the foreclosure did not cover the balance of the 2nd mortgage. I then replied it took you 10 years to figure that out? Obviously she was not to happy with that comment. Said I could make payment arrangements or they will pursue this legally. Here is the kicker, on my credit it says paid satisfactorily and closed in 1995 and they have never contacted me about this until just recently. I seem to recall the debt being 25,000.00 originally and do not remember this particular mortgage company holding it. I advised the woman that I was aware of a staute of limitations and would consult an attorney. The one I tried to contact never called me back, so here I am. Needing advice..what do I do next? Can they do this?
HELP! The only choice I have right now was from a credit repair person that needs 500.00 up front to work on this debt.
I received a letter from a 2nd mortgage I had on a house back in 1995 that was foreclosed on. They stated I owed 52,000 or would incur legal costs if they had to pursue me paying this debt. When I called to find out what the heck this was all about, she said the foreclosure did not cover the balance of the 2nd mortgage. I then replied it took you 10 years to figure that out? Obviously she was not to happy with that comment. Said I could make payment arrangements or they will pursue this legally. Here is the kicker, on my credit it says paid satisfactorily and closed in 1995 and they have never contacted me about this until just recently. I seem to recall the debt being 25,000.00 originally and do not remember this particular mortgage company holding it. I advised the woman that I was aware of a staute of limitations and would consult an attorney. The one I tried to contact never called me back, so here I am. Needing advice..what do I do next? Can they do this?
HELP! The only choice I have right now was from a credit repair person that needs 500.00 up front to work on this debt.