Foreclosure to Home Free, as 5-Year Clock Expires

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The 5-Year Foreclosure Clock Is About To Expire – The 5-Year Foreclosure Clock Is About To Expire. From Tom Nardone, Millionaire Mailman. Do you know any borrowers in judicial foreclosure states who got stuck in their houses when the market crashed 5 years ago?

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April | 2015 | Real Estate News – "It’s becoming a more common way to get out from under these cases," Linda Tirelli, a lawyer in White Plains who represents home owners facing foreclosure, told The New York Times. Source: "Foreclosure to Home Free, as 5-Year Clock Expires," The New York Times (March 29, 2015)

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Who Wants a Free House? Applying Res Judicata to Foreclosure. – The lender then waited until 2014 to file a foreclosure complaint, which was beyond the six-year statute of limitations. The court held the mortgage lender to the acceleration date and dismissed the foreclosure action, thereby awarding the defendant with a home free from mortgage obligations.