<prompt> Human: My home was foreclosed by the HOA about 8 years ago. The primary mortgage was written off several years ago and was given a 1099-C. However, I have a 2nd mortgage of about 25,000 that is still out there. It keeps getting sold to new accounts. Im not sure whats going to happen to it. Does the 7 year statute of limitations not apply in this instance? I have had a creditor in the past tell me the 7 year statute of limitations renews when a debt is sold to another company. I dont believe this is true but cant find the answer online.My main issue is deciding what to do next. Should I call the current debt holder to get some answers? We are looking to buy a new home after recovering from a financial blow 7 years ago. Now that we are on our feet, we have managed to pay off most of our large medical debt over the years and restore our credit. It was a long haul, but we are in a good position to purchase now. Could really use some advise. Thanks.  <response>: call an attorney. Different kind of debt has different rules 