Legal Question in Credit and Debt Law in California

I left the state of Mississippi in 1997 and signed a quit deed over to a certain person on a mobile home who made direct payments to the financial institute until october of 2005 the home was repo'd and sold at auction on november 30th 2005 I was never contacted by the financial institution or the individual. I reside in california I first learned of the situation on July 28th 2009 from a debt collector who contacted me at my home in California who offered a settlement. my question is is has the statute of limitation on this debt expired beings all of these transactions occured in Mississippi


Asked on 8/04/09, 8:01 am

1 Answer from Attorneys
Larry L. Doan Law Office of Larry L. Doan

The statute of limitations has to do with the time to bring a lawsuit, not because all these transactions occurred in Mississippi. You quitclaimed the deed over to the other person but that only transferred title, but you were still responsible for the loan on the mobile home, even if the other person was making payments (or failed to make payments) on it. You should consult a lawyer knowledgeable on Mississippi real estate law to see if after a foreclosure or auction in that state on a mobile home, if the debtor is still responsible for a deficiency. If you are, then they can still collect no matter that you've moved to California.

Larry L. Doan

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Answered on 8/04/09, 2:38 pm


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