commercial mortgage repossession : LUSENET : Repossession : One Thread

We were given a commercial mortgage with an impossible interest rate and were unable to keep up with the payments, eventually the property was repossessed 10 years ago by Barclays Bank. We were told by the Bank manager at the time that they no longer gave out those loans as they were totally unfair. We were young and naive and starting a new business. The last contact we had was 8 years ago. Do the 12 years still stand for Commercial mortgages? And is it 12 years from last contact or from repossession? Thankyou

-- Janice Heening (, October 03, 2004

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