5th Circuit Finds Banks Timely Foreclosed, Affirms Decision On Tolling Period

(March 21, 2017, 1:29 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on March 16 affirmed a district court's judgment in favor of two banks, finding that a nonjudicial foreclosure of a property was not barred by a four-year statute of limitations (John Porterfield, et al. v. JP Morgan Chase, N.A., No. 16-50215, 5th Cir., 2017 U.S. App. LEXIS 4705)....

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