New York bank loses appeal after failing to explain six-year delay in foreclosure case
Read the full story at Times of India
A New York bank has failed in its attempt to restart a home foreclosure case after allowing it to remain inactive for more than six years. The bank had started legal proceedings against a married couple over their home in Sullivan County, New York, but missed a deadline set by the court in 2017. The case was eventually dismissed in 2019.Deutsche Bank Trust Company Americas had approached the court after an alleged default on a loan taken by David A.
Leis. The loan was secured by a mortgage on a residential property signed by Leis and his wife, Marie Leis.According to the ruling, as part of the foreclosure proceedings, the court directed the bank in March 2017 to file a required application by December 31 that year. It also warned the bank that the case could be removed from the court calendar if it missed the deadline.
If the bank did not take steps to bring the case back within a year, it could be dismissed.The bank failed to submit the application on time. In January 2018, the court informed it that the case had been removed from the calendar.
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