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The Langers Forum
How long does an upaid mortgage debt follow someone?
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<blockquote data-quote="CORKBHOY" data-source="post: 6244597" data-attributes="member: 45"><p>Say for example a person buys a house back circa 2008, couldn't reach mortgage repayments, became unemployed, and decided to emigrate for a new start effectively abandoning the house and debt. Bank subsequently sells house.</p><p></p><p>Is there a statute of limitations on how long a bank/debt collection agency can chase someone abroad for this debt?</p><p></p><p>We were having this conversation in work recently. Some lads were saying 6 years, someone else mentioned 12 years. There was other opinions on it too.</p></blockquote><p></p>
[QUOTE="CORKBHOY, post: 6244597, member: 45"] Say for example a person buys a house back circa 2008, couldn't reach mortgage repayments, became unemployed, and decided to emigrate for a new start effectively abandoning the house and debt. Bank subsequently sells house. Is there a statute of limitations on how long a bank/debt collection agency can chase someone abroad for this debt? We were having this conversation in work recently. Some lads were saying 6 years, someone else mentioned 12 years. There was other opinions on it too. [/QUOTE]
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How long does an upaid mortgage debt follow someone?
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