Im not sure this is the correct place to posting this question, but here I go.
Home was bought in 2005, refinance in 2006. had a 1st mort for 270,000 and 2nd for 90,000 (HELOC). In Dec 2008 house was forclosed on by the 1st. last payments made on either loans was May 2008. Home value was no where near the amount owed. Can anyone give me any clearity on the statue of limitations on the 2nd.