Response to 12 years could be forever....

No it isn't. There is a Statute of Limitations on specialty debts - a mortgage is one of these at it's inception, but can change in full or in part depending on how it is treated upon default. In general, the specialty debt can only be pursued for 12 years from either the repossession order, if applicable or date of sale, whichever happens first. The voluntary six year code is another matter altogether. May we ask who provided this information?

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