Foreclosures Discussion Archive 12

Foreclosure in 1999

Posted by T on February 26, 2005 at 19:51:29:



Hi- I live in Iowa. I had a foreclosure take place in 1999.There was a junior lein on the property for a home improvement. I know that our home sold to the original financial institution for amount owed. However, the junior lien was not paid at that time. I thought everything had cleared when all of a sudden this year I received a notice of amount still owing for junior lien. I have not made a payment at all on this loan since before the foreclosure in 1998. Do I still owe this? What is the statute of limitations?



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