Sign in to follow this  
homeschool mom

2nd Mortgage Past SOL - Will DV with a New Servicer restarts the SOL?

Recommended Posts

3 years on default for an underwater residential property.  Just got transferred to a new Servicer, and received their first collection letter with a much higher principal owing.

Question - Will sending a Validation Letter turns the clock to Day 1 on SOL?

Encountered a devastating financial setback recently and unable to come up with their settlement offer (original servicer now gone bankrupt) of 10% of principal...still navigating thru our options besides BK13.


Thank you for your inputs.

Share this post

Link to post
Share on other sites
This topic is now closed to further replies.
Sign in to follow this