LOST my house to foreclosure sale in June 2011.
The Default was a year prior on 5/2010.
I stopped paying in January 2010.
When does the SOL clock start running on the deficiency of this debt?
Your focus is wrong. To protect yourself against the possibility of a deficiency Judgment, you should seek counsel. The second mortgage company is NOT bound by what the first mortgage company did. To properly answer your questions and address your concerns, the best way to handle this is with an in person consultation with an experienced NV Mortgage Foreclosure Defense and Bankruptcy attorney. Use AVVO's Find a Lawyer tool to select a qualified attorney. Good luck. THIS IS NOT LEGAL ADVICE! YOU NEED TO SPEAK TO AN ATTORNEY WHO IS LICENSED IN YOUR STATE FOR LEGAL ADVICE. This is merely suggestions for you to think about in discussing your situation with the local attorney.
If you found this Answer helpful, please mark it as "Best Answer" Please be advised that the answer above is only general in nature cannot be construed as legal advice, given that not enough facts are known. It is your responsibility to retain a lawyer to analyze the facts specific to your particular situation in order to give you specific advice. Specific answers will require cognizance of all pertinent facts about your case. Any answers offered on Avvo are of a general nature only, and are not meant to create an attorney-client relationship.
Listen to the wise advise of Leonard Boyer, get a local mortgage foreclosure lawyer on your side.
If you think this answer helped you, please mark it as best answer. This answer is not intended to give legal advice or establish an attorney client relationship and is offered for general educational purposes only. NO INFORMATION GIVEN HERE IS TO BE RELIED UPON for any legal matter as this information may contain inaccurate information for your particular case.
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