Page 1 of 1

Posted: Sat Mar 29, 2008 4:46 pm
by andypug
hi, we sold our property in 1997,with a shortfall of 10,000 pounds,
mortgage company agreed they would accept monthly payments to pay this off, paid these for about 12 months and then we couldnt afford them so just stopped paying,havent heard from company for just over 9 years,,are they still able to chase us for this money. please help

Posted: Sat Mar 29, 2008 4:50 pm
by chris.g
I'm not 100% but I think it's 11 yr without attempted contact before the debt is written off with a mortgage.

Posted: Sun Mar 30, 2008 4:11 pm
by MelanieGiles
Yes - the statute of limitations runs for 12 years if the debt is related to land or property.

Posted: Mon Mar 31, 2008 4:46 pm
by Rachael24
Yeah land and property is 12 years, Statute of limit. confuses me