My question involves a mortgage in the state of: Minnesota
2 part question:
1) I bought a house in 2005 and foreclosed a year later. The mortgage was an 80/20. After the foreclosure, the first mortgage (80) was closed and the second mortgage (20) is apparently still open and trying to collect. Since MN is a non recourse state and the 2nd mortgage was a purchase money loan secured by the first mortgage, should this remain open?
2) If it is indeed a valid debt thats owed, the debt started in April 2006. It has been 6 years+. The Statute of Limitations in MN is 6 years if I'm not mistaken. How can I make any collection attempts stop and remove this from my credit report?
I tried searching for similar topics but came up empty. Sorry if its a duplicate, and thanks for any help in advance.