Lender’s Abandonment Reset Statute Of Limitations, Federal Judge Rules

Mealey's (April 18, 2018, 12:36 PM EDT) -- DALLAS — After finding that a lender’s abandonment of acceleration of a loan reset the statute of limitations that applies to foreclosures, a Texas federal judge on April 17 found that the foreclosure was not time-barred and granted summary judgment for the lender (James Hargrave, et al. v. PennyMac Corp., No. 3:16-CV-3487, N.D. Texas, 2018 U.S. Dist. LEXIS 64261)....