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Re: SBA loan question - WhyChat - a bit more info


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Posted by Why Chat (209.240.198.61) on January 30, 2003 at 23:37:12:

In Reply to: Re: SBA loan question - WhyChat - a bit more info posted by LadynRed on January 30, 2003 at 21:43:28:


Well-- if the house was foreclosed the lien was discharged, I do not believe this is a legitimate debt, possibly she has one of the garbage CAs who picked up the account information from the records and is trying to extort $$ from her.

Mortgage liens rarely are enforceable after foreclosure -and more so after a BK.

Have her send a validation letter the one from my site is fairly good, (above the SOL letter).

In any case -- with a 4 year Ca. SOL for written contracts as well as open, I don't see any risk.


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