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Judge Dismisses L.I. Forclosure, Bank Took Too Long

Posted by Mr.Copper @ 21:41 on October 20, 2015  

Mastic homeowners get foreclosure dismissed; could own house free and clear
parts:
A judge dismissed a foreclosure case against a mother and daughter in Mastic last week, ruling that their bank missed New York’s six-year deadline to file its lawsuit.

The decision could allow Randi Richman and her daughter, Lisa Viola, to shed their mortgage and own their home free and clear, more than eight years after their lender sued to foreclose.

A growing number of homeowners across New York are asking judges to dismiss foreclosure cases because the statute of limitations has expired, Young said.

http://www.newsday.com/business/randi-richman-lisa-viola-of-mastic-get-foreclosure-dismissed-could-own-house-free-and-clear-1.10974968

Comment:
Thousands of people around here are not paying their mortgage payments. I personally have two friends that have not paid a dime in four years now. One has been buying silver coins with his “savings”. 🙂

The banks really can’t trust a huge number of borrowers anymore. They did it to themselves.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.