Credit: zimmytws/stock.adobe.com First Case To Rule On the Foreclosure Abuse Prevention Act
Bruce Bergman discusses U.S. Bank National Association as Trustee v. Pierre, the first case to address the Foreclosure Abuse Prevention Act, specifically a single (but meaningful) portion of the Act: the six-month grace period to begin a new action.
August 04, 2023 at 02:00 PM
3 minute read
By now lenders, servicers and their attorneys should be well aware of the serious danger encountered by mortgage holders through multiple changes to law in the Foreclosure Abuse Prevention Act (the "Act"). While there is no doubt that peril lurks, there might be some room to assess the true depth of concern as the issues enfold and are litigated over time.
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