New York court upholds foreclosure dismissal after lender waited 3 years
In a significant ruling, a New York appeals court has supported the dismissal of a mortgage foreclosure lawsuit against a borrower after the lender delayed three years to seek a default judgment. New York regulations stipulate that lenders must act within one year of a borrower's non-response to avoid case dismissal. This decision reinforces homeowner protections and emphasizes the importance of…
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- New York court orders husband's loan repaid from joint home's sale proceeds timesofindia.indiatimes.com
