2nd mortgage collection agency after foreclosure

[UMustBeJoking]

B of A foreclosed on my 1st mortgage in May of this year. I live in California and had refinanced both my 1st and 2nd mortgages, so I know the 2nd is a recourse loan. I am now recieving phone calls from a collection agency for the 2nd.

Here is my question:

It has been 4 years since I made any payments on my 2nd mortgage so is it now past the statute of limitations for them to collect?

Also I read somewhere about them needing to file a lawsuite within 3 months of the trustees sale for them to be able to collect as well. Is this true?

Any info would be greatly appreciated.

[Cat Damiano]

Hi UMustBeJoking,


If you haven't already done so, what you may want to do is to post this question in the following thread, there are some very knowledgeable CA members in similar situations.

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