5th Circuit Revives Subsequent Owner’s Quiet Title Action Against Loan Servicer

(March 12, 2024, 9:53 AM EDT) -- NEW ORLEANS  — The subsequent owner of a condo has sufficiently pleaded facts allowing a court to infer that the statute of limitations for foreclosure has run, the Fifth Circuit U.S. Court of Appeals found, reversing a lower court’s dismissal of the owner’s quiet title action against the servicer of a loan on the property taken out by a prior owner....