answersLogoWhite

0


Best Answer

Check with your state laws regarding statutes of limitations. If there was a judgment against you, that won't go away. Although any unpaid debts are fair game, you should check in with an attorney. They can write a letter to the collector and state that all claims should come through them. Often the debts are unenforceable and they are just trying to see if you will come up with any money at all.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: You bought a mobile home over 10 years ago and it was repossessed and sold by the creditor can they now make you pay for it 10 years later?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If your van was repossessed then you paid off the balance a year later can your creditor refuse to report the current status of your account to the credit bureau?

Yes, however you can easily take care of this and have your credit reports corrected.


Can a debt collector call 7 years later and ask you to pay 9000 on a repossessed car?

Yes, or 20 years later, there is no time limit on when a debt can be pursued for collection. There is however, a statute of limitations on when a creditor can file a lawsuit to recover monies owed.


Hiding a car that may be repossessed?

You can hide it but, they'll come back later for it.


Is there any free software to retrieve deleted Messages in Airtel Mobile?

deleted Messages in Airtel Mobile it is posibal?


Can a creditor come after you 8 years later after a chapter 13 has been discharged?

If the debt was discharged in the BK, no.


Did Ed McVaney create Java?

No, Ed McVaney was one of the founders of J.D. Edwards which was later bought by PeopleSoft which was later bought by Oracle.Java was created by James Gosling of Sun Microsystems (along with other Sun engineers). Sun was later bought by Oracle so there is a small connection.


If you hide your car from repo are you breaking the law Florida?

More than likely you will not be prosecuted for hiding the car. But is this really what you want to do? Do you want to own a vehicle that can be repossessed at any time day or night at any location? Do you want the creditor calling you and trying to recover their property that you are hiding? You signed a contract to pay this loan off. You have defaulted on the contract so do what is right and save some money in the process. Voluntarily return the vehicle to the creditor which will reduce your creditor's expenses in retaking the car, and you will reduce the amount you will owe the creditor. But remember, you will still be responsible for paying any deficiency on your loan, and your creditor may still enter the repossession on your credit report. Sooner or later they will get the vehicle, and the longer it takes them the more it will cost you. They will seek a judgment against you. The judgment is the difference between what you owe on your loan and what your creditor receives when reselling your vehicle. A creditor who has followed the proper procedures for repossession and sale is generally allowed to sue you for a deficiency judgment to collect the loan balance. You should have talked to the creditor before any of this happened and tried to work out a new payment plan. But you did not do that, and now you are making it worse by hiding the car. Think about it.


Do you still have to pay part of the loan depending on the value of the car if it is repossessed in California?

YES, you pay all the loan amount, sooner or later.


If you have a boat that was listed in a bankruptcy that the lender never repossessed what can you do with it 10 years later?

Nothing unless you receive a clear title of ownership from the lender.


Who bought up large areas of land in the hope of later selling it later for a profit?

Land speculators


How do you recover photos numbers boost mobile incognito?

how do you recover your photos and numbers boost mobile incognito


Who bought First Federal Savings and Loan of Jacksonville?

1989, Southeast Bank bought First Federal of Jax. Southeast was later bought out by another bank