Real Estate Law
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Good morning. Thanks for using Just Answer. If you made the three-month payments within the last six years, that very well could have extended the statute of limitations for six years from the date of the last payment. Regardless of that, however, the mortgage would have remained a lien on your property after six years, and could have been, and still can be foreclosed. The six year statute of limitations might have protected you against personal liability on the account and against a personal deficiency judgment., but a foreclosure would still result in the loss of the home. This is a complicated area of law, and I am providing you with general information only. You should obtain the opinion of a New Jersey real estate lawyer to be sure where you stand.
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