Mortgage Assignee Barred Under Statute Of Limitations From Foreclosing On Loan

(April 28, 2023, 12:09 PM EDT) -- BROOKLYN, N.Y. — A New York court did not err in canceling and discharging a mortgage because a lender’s filing of foreclosure proceedings in 2009 accelerated the borrower’s mortgage debt and, thus, started the running of the six-year statute of limitations period, a panel of the New York Supreme Court, Appellate Division, Second Department, ruled in affirming in a per curiam opinion....

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