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What is the name of your state?Here is a questions is running for $4 on www.askmars.com
Subject: Abandonment & Unpaid mortgage
Posted By: adymor
Value: $ 4
Status: open
Question: A tenant has a mortgage on an apartment.
The deed to the apt is in his name. We own the mortgage. The tenant
paid his mothly mortgage payments to us for 10 months (approx. 1/3 value of
the debt) - then disappeared, still owing the rest.
12 Years have gone by with no contact from the tenant.
* Is this considered abandonment?
* What are our rights as the owners of the mortgage in this case?
* Can we go for foreclosure (despite the fact 12 years have gone by?)
* The tenant is now suing us for rent collected for the apartment in
his absence - what are our rights?
* Is there a statute of limitations on a mortgage or it''s collection?
What is it?
And last:
* Since we have been occupying the apartment for 12 years, is there a
law protecting us someone who
http://www.askmars.com/ask.asp?mode=view&qid=9584
Subject: Abandonment & Unpaid mortgage
Posted By: adymor
Value: $ 4
Status: open
Question: A tenant has a mortgage on an apartment.
The deed to the apt is in his name. We own the mortgage. The tenant
paid his mothly mortgage payments to us for 10 months (approx. 1/3 value of
the debt) - then disappeared, still owing the rest.
12 Years have gone by with no contact from the tenant.
* Is this considered abandonment?
* What are our rights as the owners of the mortgage in this case?
* Can we go for foreclosure (despite the fact 12 years have gone by?)
* The tenant is now suing us for rent collected for the apartment in
his absence - what are our rights?
* Is there a statute of limitations on a mortgage or it''s collection?
What is it?
And last:
* Since we have been occupying the apartment for 12 years, is there a
law protecting us someone who
http://www.askmars.com/ask.asp?mode=view&qid=9584