I bought an investment home, it was not my primary residence. When I bought the house the bank put me into a first and second loan with the same bank to qualify with 5% down. Shortly after I bought it they sold the loan.
I let go into forclosure a year ago. The 1st got most of their money I owed them but the bank says they received Money for the 1st but not the 2nd loan. Its the same Bank. I didn't refinance. I didn't take out a equity line of credit.
The bank keeps calling hoping I have won the lottery I guess, to collect money on the second.
I am wondering if they can sue me for the money owed on the 2nd at any time in the future. They are not curently doing so but want to know if any years down the road they can sue me, than garnish wages, etc?
Thank you for your help.