Panel Holds 20-Year Limitations Period Applied To Foreclosure, Affirms Ruling

Mealey's (February 11, 2019, 11:47 AM EST) -- PHILADELPHIA — A panel of the Third Circuit U.S. Court of Appeals on Feb. 6 affirmed a trial court’s decision that a 20-year statute of limitations applied to a bank’s foreclosure and that a borrower failed to show that the bank owed him any duty that went beyond the terms of their mortgage agreement (In Re: James Hartman, No. 17-2162, 3rd Cir., 2019 U.S. App. LEXIS 3745)....

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