Is There A Statute Of Limitations On Mortgage Loans Left Over After A Foreclosure?

Video Summary

Is there a statute of limitations on mortgage loans left over after a foreclosure? The answer is yes. The Floyd legislature changed law several years ago that said that the lender must file an action for a deficiency judgment within one year of the date of the foreclosure sale. So therefore they have one year in which to bring an action for this deficiency judgment. If they got a judgment several years ago before the statute, this may not be applicable. If you have questions, email me at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or on social media, it's #wallerlegal, or call me at 727-847-2288.