Legal Question in Real Estate Law in Florida
My Florida home was foreclosed in 2012. I had a second mortgage with Washington Mutual. That had not been paid since 2009. A few days ago I received a ups letter offering a settlement with Chase. Orig loan was $80,000+ , settlement ranged from mis 3k to high 4k. I am retired on SS and am questioning if statute of limitations prevents them from suing me.
Asked on 7/20/15, 2:11 pm
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
That may be a valid defense, depending on the documents you signed.
Answered on 7/20/15, 2:44 pm
Barry Stein
De Cardenas, Freixas, Stein & Zachary
The statute of limitations is 5 years from the date the last payment was due under the note. You don't provide that information so it is impossible to know if you are have a proper defense. Seek legal help with your actual paperwork.
Answered on 7/20/15, 2:47 pm
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