IS YOUR LENDER COMPLIANT WITH THE NEW YORK STATUTE OF LIMITATIONS? In New York an action to foreclose a mortgage may be brought to recover unpaid sums which were due within the six-year period preceding the commencement of the action. The notice of acceleration must be “clear and unequivocal.” Find out more at https://www.wrongfullyforeclosed.com/
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HOW CAN A #NEW YORK #FORECLOSURE RESTART AFTER STATUTE OF LIMITATIONS?if a timely commenced #foreclosure action is terminated, a lender may be able to rely on New York Civil Practice Law and Rule 205(a), known as the New York savings clause, to commence a new action, even if the #statute of limitations has since expired.