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homeschool mom

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

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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.

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