Long Island Veteran Wins Foreclosure Case Against Wells Fargo

Long Island Veteran Wins Foreclosure Case Because Of Wells Fargo Lawyers Missing Deadline

Long Island VeteranA Long Island veteran and his wife won their 12-year battle with Wells Fargo. The appellate division of the state Supreme Court threw out the foreclosure case against them. The court ruled Wells Fargo and MBS trust who allegedly held the note missed New York’s six-year statute of limitations.
The four-judge panel ruled that Wells Fargo missed the six-year deadline to file its second foreclosure lawsuit. Wells Fargo filed its original case in 2006. The bank had argued that the clock stopped at various times due to court maneuvers. However, the appellate panel rejected that argument.
Wells Fargo who serviced the loan for the US Bank MBS said:
In 2013, a judge threw out the foreclosure lawsuit, finding that the lender never properly served the Josephs with court papers. The lender filed a new case in 2015, and a trial court judge ruled in the lender’s favor.

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