If you have a mortgage but during the housing crisis your mortgage kept getting sold to different lenders and somehow it was lost or forgotten, how long does the mortgage company have to go after you if they find the loan?
The last mortgage payment you made was in 2008. It was a jumbo mortgage for about $450,000. You received no bills or notifications. The mortgage loan shows that it was paid off on your credit report and there's no other mortgage loan. And a title company search shows no liens on the house.
You sold the house and got all of the money since there was no lien and you bought a new house with the cash. If the mortgage is somehow "found" today can they do anything about it? Can they put a lien on your new house? Can they charge you interest for the 10 years they did not bill you?
You received notice from your old lender that you mortgage being sold but you never received anything from any subsequent lenders.
Added (1). I just remembered that a long time ago, a lien was place on a condo I had because of the previous owner and the title insurance company took care of it. Could that happen here where a lien could be place on my old house that has a new owner but the title company pays it?
Read more: How long does a mortgage company have to collect on a loan that was lost or forgotten?
