C
Hi complicated.
I am just wondering how the judgement was put on the house without your knowledge?
The only long term hope is relying on the Statute of Limitations (12 years).
Apologies, when I said 'buy him out' what I really meant was for the bank to sign his half of the house over to my name and for me to take on the full remaining mortgage repayments and obviously taking his name off the title deeds.
It sure does.I'm curious about what does this mean exactly? After 12 years does a judgement on a home lapse?
They get 12 years that is it. I know of a few cases that went very quiet after a judgement was gotten. One case is now in the 11th year so they only have 1 year to go and the whole debt is gone. Note if they started enforcing the judgement in say year 4 they still have only 8 years to play with.What are the chances of the bank not coming to enforce the judgement within 12 years or possession or sale of the house? Does this happen often? Does that mean if they don't come within 12 yrs that it will just go away?
It would be removed as part of the conveyancing process. Once it is dead that would be a formality.
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