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Q: What is the statute of limitations on a Veterans Administerd Home loan?
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If you have a significant amount of credit card debt what is the time limit they have to place a lien on your home if the debt is 8 years old and the last payment was made last year?

Time limits for the collection of debts are referred to as Statute of Limitations (SOL). States enact laws to govern SOL, in order to give a precise answer it is necessary to know the state of residency. To find out the SOL for a state a simple web search can be done. Example, (Name of state) Statute of Limitations for Debt.


I have not paid on my home loan in 20 years. The lender has never sent any notice. Do I have to pay it back or is there a time limit on the lender requesting the money?

The answer depends on the following:Did you sign a mortgage? If so, was it recorded? If not, does the lender have a signed original?What is the statute of limitations for a mortgage in your state? In Massachusetts it is 35 years.If the lender has no proof of the loan then they may be out of luck. We need more details.If it was a private loan and you never made any payments you may have placed the lender in an uncomfortable position of not wanting to have to demand payment from you. They may be asking now because the statute of limitations is coming up. If that is the case, you must pay up.The answer depends on the following:Did you sign a mortgage? If so, was it recorded? If not, does the lender have a signed original?What is the statute of limitations for a mortgage in your state? In Massachusetts it is 35 years.If the lender has no proof of the loan then they may be out of luck. We need more details.If it was a private loan and you never made any payments you may have placed the lender in an uncomfortable position of not wanting to have to demand payment from you. They may be asking now because the statute of limitations is coming up. If that is the case, you must pay up.The answer depends on the following:Did you sign a mortgage? If so, was it recorded? If not, does the lender have a signed original?What is the statute of limitations for a mortgage in your state? In Massachusetts it is 35 years.If the lender has no proof of the loan then they may be out of luck. We need more details.If it was a private loan and you never made any payments you may have placed the lender in an uncomfortable position of not wanting to have to demand payment from you. They may be asking now because the statute of limitations is coming up. If that is the case, you must pay up.The answer depends on the following:Did you sign a mortgage? If so, was it recorded? If not, does the lender have a signed original?What is the statute of limitations for a mortgage in your state? In Massachusetts it is 35 years.If the lender has no proof of the loan then they may be out of luck. We need more details.If it was a private loan and you never made any payments you may have placed the lender in an uncomfortable position of not wanting to have to demand payment from you. They may be asking now because the statute of limitations is coming up. If that is the case, you must pay up.


Who can qualify for a Veterans' Administration home loan in the US?

Veterans or Service members who have suffered a disability due to the war are eligible to apply for a home loan. There are many stipulations such as loss of limbs, blindness or severe burns.


What is a VA home loan calculator used for?

A VA home loan calculator is used by military veterans to calculate their eligibility for a home loan such as a mortgage from a financial institution.


Can you claim interest paid on home equity loan?

Generally, but there are limitations and qualifications. See the related article for more details.

Related questions

What is the statute of limitation to file a home owner's claim in alabama?

There is no law or statute of limitations regarding insurance claims. The limits are set by the policy, so read yours and see what the time limits are.


Is there a statute of limitations to put in a homeowners claim in Illinois?

In Illinois, the statute of limitations for filing a homeowners claim is typically two years from the date of loss or damage. It is important to review your insurance policy and consult with an attorney for specific guidance on your situation.


What is the statute of limitations for furniture being stored in your home?

Since when is it illegal to store furniture in your house? Is the furniture stolen? If so, then that is a completely different question.


Once charged by the state of Fl for Domistic Assult what is the statute of limitations to go to court?

In Florida, the statute of limitations for domestic violence charges is generally one year for misdemeanor offenses and three years for felony offenses. It's important to consult with a legal professional to determine the specific statute of limitations that applies to your case.


What is the statute of limitations when selling a home when the buyer can come back on you?

Statute of limitations vary from state to state. In this case it would be a consumer issue and suit could be brought for several years after the sale. In most cases it would be two or three years, but consult an attorney in your area to find out the specific laws relating to real estate in your state.


When was Sawtelle Veterans Home created?

Sawtelle Veterans Home was created in 1888.


When was Minnesota Veterans Home created?

Minnesota Veterans Home was created in 1888.


What is the statute of limitation to sue on a defective home title in Florida?

The statute of limitations for all civil cases in Florida is 4 years. For property titles it could be considered different and you can probably sue for 'quiet title' long after that. There may be extension based on when the injury was discovered. Consult an attorney in Florida for your situation.


When was Veterans Home of California Yountville created?

Veterans Home of California Yountville was created in 1884.


What are the statute of limitations on unpaid home phone bills in Alabama?

As long as the phone is still in use, there is no limitation. If the phone is no longer being used, it could be 3 or 6 years depending on the type of contract.


Is there a statute of limitation on withheld home owners insurance depreciation?

There is a certain amount of time given in order to be reimbursed the depreciation. I am not certain of a statute of limitations as that may differ from state to state but it should be clearly written in your policy. Many times I have seen 6 months or 1 year listed.


What year did Vietnam veterans have their welcome home parade?

the Vietnam war veterans welcom home parade was in 1987.