CASE STUDY: LI couple evades foreclosure as deadline passes
A Sound Beach couple fighting foreclosure for nearly 10 years “can finally close that chapter of their lives” now that their lender has missed court deadlines to continue the legal battle, the couple’s lawyer said Tuesday.
Supreme Court ruled last month that the lender missed the six-year statute of limitations to foreclose on their home.
In a closely watched court case, a Sound Beach couple’s mortgage lender has until Friday to decide whether to try to take its foreclosure lawsuit to the state’s highest court or accept that it missed the six-year deadline to take back the couple’s home.