On a 3-2 vote, a panel of a state appeals court ruled that New York’s “savings provision” protected Wells Fargo from the statute of limitations in restarting foreclosure on a Brooklyn property that another servicer began eight years before.
According to court papers, in May 2005, Doron Eitani of Miami financed the purchase of a house in the Midwood section of Brooklyn by delivering a $560,000 note to Argent Mortgage Co. that was secured with a mortgage.
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