Legal Question in Real Estate Law in New York

If a Lender failed to foreclose on a mortgage within a reasonable time after the mortgage becomes due, does the Lender waive their right to foreclosure, or otherwise lose their right to collect the debt owed on the mortgage?


Asked on 4/26/10, 11:41 am

1 Answer from Attorneys

Locksley Wade Law Office of Locksley O. Wade

No.

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Answered on 5/02/10, 5:28 am


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