Everyday Law · Appellate Division of the Supreme Court of the State of New York
2d
AI illustrationA bank wants to foreclose on a mortgage, but the homeowner says it’s time-barred. Is it valid?
Your callShould the court allow the homeowner to cancel the mortgage based on timing rules?
TL;DR
- 1A bank wants to foreclose on a mortgage, but the homeowner says the time to do so has run out due to rules on how long they have to act.
- 2The homeowner argues the bank already declared the loan due in full back in January 2008, making this attempt too late.
- 3The bank disputes a recent law allowing homeowners to challenge fast-tracked mortgages, claiming it violates their constitutional rights.
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