Statue Of Limitation Has Run Out Can It Be Collected On Now?

by stephanie
(Wartace, Tennessee)

The statue of limitation has ran out on my loans. They have the deed to my home. Can they collect on this loan. Do they have to release my deed to my home? i live in Tennessee.

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Feb 04, 2011
statute of limitations expired
by: DebtCollectionAnswers.com

Stephanie,

We need more information to try to answer your question. Who are "they?" What type of debt is this? And why do they have the deed to your home? Is there a lien against your property? Please use the comments link below to respond.

Feb 11, 2011
release of property
by: stephanie

The company that has a lien on my property is a finance company. It is a deed of trust.There are other loans that were done illegal and I showed them that it wasn't right. Now they want to do away with those loans and they to work something out on the note that has the deed of trust on it.I don't know if I should.

Reply from DebtCollectionAnswers.com:

As you can imagine, we are going to recommend you talk with a real estate attorney. It's not something we would recommend you handle on your own.

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