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Response to Is it safe after 10 years?
from (gerry7000@skynow.net)
My simple advise is DON'T. I was also repo'd in 1991 and after
staying low for a number of years thought that it would be safe to
get another mortgage in 1999. In the preceding 8 years I received a
grand total of two letters to my mothers address at which I had
never lived. After living at my newly mortgaged house for 9 months
and just before the voluntary agreed six year limit cut off date in
February 2000, I received the first of approx twenty letters sent so
far. I have ignored them all including the numerous court threats
and the two identical letters, except the date, stating that they
would petition my local county court for my bankruptcy should I not
pay up in three days!
Get professional advice although I'm not sure who is best, but I'd
wait until you are sure that the twelve years are up.
Good luck and if you find good definitive advise let me know!!
(posted 8884 days ago)
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