On another thread, someone posted that bank holding mortgage had 2 years from mortgagees date of death to pursue repayment of their debt otherwise they were statute-barred.
Does anyone have a reference to the actual legislation on this? (Act & section number if you can).
And also what constitues starting proceedings? A pro-forma letter that says 'you owe us arrears' or a formal declaration that the full amount of the mortgage is now due & we are taking you to court?
Does anyone have a reference to the actual legislation on this? (Act & section number if you can).
And also what constitues starting proceedings? A pro-forma letter that says 'you owe us arrears' or a formal declaration that the full amount of the mortgage is now due & we are taking you to court?