Statute of limitations for filing foreclosure action

[Ryan L.]

I've been trying to decipher the statute of limitations for filing a foreclosure action, specifically in Georgia for the moment, but am looking for information on how it works generally in any state.  From what I have researched the laws seem to be under the auspices of "written contracts" in each state statutes.  What I'm having difficulty with is when the clock starts.  For instance does it start from the loan maturity date if that has passed or is based on the last time a payment was made.  Perhaps there is another "action" that starts/stops the clock that I'm not aware of.  I know to consult an attorney for specifics, but any general information would be great. Thanks in advance.

[Wayne Brooks]

If you're looking to try and pick up properties in default, where you think the lender can no longer foreclosure......many have tried unsuccessfully, mostly due to misinterpretation/misapplication of the statue of limitations "theory".