Interest on judgment debt
(Goochland County, Virginia)
about 5 years ago my husband cosigned for a vehicle for our granddaughter and it was repossessed and being retired and on social security we applied for reverse mortgage. The mortgage co. was notified a lien had been place on our mortgage for $12,716, the amount the still owed after auction of the vehicle. Two weeks later the reverse mortgage company notified us it had gone up to $21003., and the difference was interest added on. We live in Virginia and I was wondering if they could add all that interest on or can only collect money owed after the auction off of the vehicle. The company is Wells Fargo and does their laws apply to the state of Virginia?