I'm not familiar with Cali but if the s/l was 4 years for contracts and unsecued notes I'd put my money betting on 4 years.I'd weigh the option of proceeding regardless of the s/l as the borrower would need to bring that as a defense, I'd bet they don't if no payment was ever made.Another issue, if a payment was never made it sounds like mortgage fraud that is another category getting to criminal charges, the s/l will be longer, 7, 10, 12 years, not sure, it depends too if the original was an insured lending institution or a private individual.It also depends if the note was generated from an installment sale or was made as a cash loan, purchase or refi.It will also depend on whois in the property and if the property has been sold over the past 16 years, we just had an example of a subject 2 deal going sour with subsequent sales and that can limit your security if the note holder fails to act in a timely manner.Frankly, I wouldn't fool with this one, 16 years old, foreclosure notice gievn and never followed through, that's pretty much allowing the note to go stale and abandoning the claim of the amounts owed.If the maker of the note is still in the property and you can contact them by phone or in person, you might be able to negoiate something holding the fraud claim over thier head, forgive some of it and modify it back to life, but they need to agree and you can certainly bluff your way along to a point.

He checked her criminal record online and went with the referral he had received.I would ask for references and check them out.

Ideas to consider: Some sort of splash screen like you get at Mc'Donalds regarding liabilty and whatnot so you don't wind up in court if the tenant uses the service for any sort of criminal or fraudulent activity and change the password once a month or find some other way to deny service to people when they are late on their rent....

Why isn't that a criminal matter?

But we'll see how that ends up.Its easy, for all my "toys" I force myself to wait until blackfriday/cyber monday.

i used it twice .i must say i am really  disappointed.i received much less information then i received using my credit bureau and its more then double the price for a couple.the criminal record could not be opened even though it was found.

The reason is the trustee is looking for funds to pay the creditors, the court fees, and attorneys.Your friend will testify under oath as to their situation they have filed in writing the BK court to get the repayment plan approved chapter 13 or do a chapter 7 liquidation.Not disclosing cash or other equity assets is a criminal offense under the federal laws.

@Chris PasternakWhat you propose is a Federal criminal act and the punishment is up to 5 years in jail and a $250,000 fine.

I let them know their credit will be checked, along with criminal background and past evictions.That last part is HUGE- I've had quite a few loose interest once they find out I will check them out thoroughly.

So if they lose the one they have, they're probably going to have a hard time getting another one.And that means no rent for me.So I do have an absolute rule as part of my leasing factors - no evictions and no criminal.