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Statue of limitations on real property.

Los Angeles, CA |

Is there a statue of limitations for a unpaid promissory note on real property. The note was created in March 1965. I am assuming the note to be unpaid due to no evidence of note being paid being filed.

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Attorney answers 1


Disclaimer: The materials provided below are informational and should not be relied upon as legal advice.

Do you know if any payment on this note has become due? Generally, the statute of limitations in California on a promissory note is four (4) years from the date of breach. Furthermore, Section 882.020 of the California Civil Code provides that the lien of a mortgage or a deed of trust expires ten (10) years after final maturity date of the obligation if that date is ascertainable from the record, or if not ascertainable, then sixty (60) years after recordation of the deed. You should consult your own lawyer to protect your legal rights.