Re: Deficiency Question...whychat, lady, scott,observer...N-E-1?

Posted by Why Chat (209.240.198.61) on March 25, 2003 at 18:09:03:

In Reply to: Deficiency Question...whychat, lady, scott,observer...N-E-1? posted by nc on March 25, 2003 at 17:33:16:

The SOL for collecting on a LEGAL deficiency is 4 years from the time of sale.

For the deficiency to be LEGAL, the repo must have been conducted properly according to State laws, and the NOTICE of deficiency served on ALL parties within 2 years from the time of sale.

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