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New York Court of Appeals Appears Ready to Decide Whether Discontinuance of a ‎Foreclosure Action Can De-Accelerate a Loan and Reset the Statute of Limitations | Locke Lord LLP

To embed, copy and paste the code into your website or blog: While New York courts continue to hear cases involving defaulted loan obligations stemming from the 2008 financial crisis, on January 5, 2021, the New York Court of Appeals heard arguments on four related cases involving New York’s six-year statute of limitations in a mortgage foreclosure action. See Freedom Mortgage Corp. v. Engel, 163 A.D.3d 631 (2d Dep’t 2018); Ditech Fin., LLC v. Naidu, 175 A.D.3d 1387 (2d Dep’t 2019); Va...
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