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Ellen
Ellen, Consultant
Category: General
Satisfied Customers: 109
Experience:  attorney and legal researcher
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The real-estate deficiency judgment was incident to a

Customer Question

The real-estate deficiency judgment was incident to a foreclosure.
Submitted: 6 months ago.
Category: General
Expert:  Colleen Grady replied 6 months ago.

I understand. I will give you more information about this.

Expert:  Colleen Grady replied 6 months ago.

I am sorry it took so long. I wanted to make sure I gave you the right information. After the judgement was filed, the creditor needed to take affirmative steps to place a lien on your personal property. If they have not done that, you can sell this property.

Customer: replied 6 months ago.

Thank you. There was no way to rate your response.

Expert:  Colleen Grady replied 6 months ago.

I should have given you the answer in my prior response. This is on me.

Expert:  Colleen Grady replied 6 months ago.

By the way, the creditor has an 8 year statute of limitations to renew the judgement. If this is not done after 8 years, then they can no longer collect.

Here is the law:

.78B-2-311. Eight years.
An action may be brought within eight years upon a judgment or decree of any court of the United States, or of any state or territory within the United States