Utah Code Foreclosure
Utah Code Foreclosure
Is there a law on the length of the 2nd has to seek the view of the deficiency?
I'm in Utah. He had a foreclosure sale Full 3 / 2002. According to the deficiency was never called the 1st and 2nd was the same lender, the screen print of the 2nd seizure writing sample mortgage. they sold the defaulted loan in 2005 and now the company from 2007 is trying to collect from him and obtain a conviction. From what I can tell the law in Utah is 6 years for a note. They are seeking a ruling on the basis of monthly installments due and saying he used to ask that all fees 6 years have passed statute. Can they do that? They claim they own the debt now that they are creditors. I can not find in the law that refers to time in the Code Utah. I'm reading that a mortgage is not consumer debt in the Utah Code? please help
Sounds like the state of California. In foreclosure, a judgment can only go against the property, and if there is a deficiency, then too bad for the lender, as there is no deficiency judgment against the borrower. However, it is not like that in Utah. There deficiency judgments allowed.
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