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'Savings Provision' Allows Wells Fargo to Proceed With Foreclosure, Split Panel Rules
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 had begun eight years before.Appeals Court Ruling Raises Red Flags for Foreclosure Attorneys
Attorneys warn a new appellate ruling on Florida's lis pendens statute could hurt investor interest in distressed properties.NY's Statute of Limitations and Mortgage Foreclosures: How to Revoke Acceleration
Laura M. Greco and Mitra P. Singh of McGlinchey Stafford discuss a method of effectively extending the ability of a lender to foreclose on a mortgage whose statute of limitations for enforcement looms near—revocation of acceleration—and the legal uncertainty of such revocation of acceleration.Trending Stories
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