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NY Court of Appeals on the Foreclosure Statute of Limitations | Bryan Cave Leighton Paisner


Summary
The New York Court of Appeals’ decision last week,
Freedom Mortgage Corp v. Engel, contains two “reliable and objective rules permitting consistent application of the statute of limitations.”
What are those rules? 
One, there must be an “unequivocal overt act” to accelerate indebtedness for a mortgage loan.  A letter to the borrower stating that the “noteholder” will accelerate [his] mortgage with the full amount remaining accelerated and becoming due and payable in full, and foreclosure proceedings initiated at that time’” was not such an unequivocal overt act. 
Engel, at 3.  In other words, a letter expressing a future intention was insufficient. ....

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Detailed text transcripts for TV channel - MSNBC - 20180817:04:37:00

Joining us now, chuck rosenburg, former u.s. attorney in the eastern district of virginia where the manafort case is taking place. also a former justice department and fbi official. thank you for being here. my pleasure. the jury came back after deliberating for just under eight hours today and they had four questions that they posed to the judge in note form. first of all, do juries often ask questions of a judge early on in the deliberations? they ask questions all the time. it is reasonably common for jurors to ask questions and always in note form. that doesn t does that necessarily indicate good news or bad news for the defense or prosecution? so it is a parlor game. we have little information to go on so we overindex on the information we have. we study the notes and we look at their faces when they walk back if and we try to divine ....

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Detailed text transcripts for TV channel - MSNBC - 20180817:01:38:15

Detailed text transcripts for TV channel - MSNBC - 20180817:01:38:15
comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.

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