Friends assume we know all there is about our work but this falls outside the realm and I'm apparently not googling the right set of words.
Acquaintance defaulted in mid '08 and received default and subsequent LP in late '08. They've continued to get "we can help you with your 65 missed payments" on the second mortgage but not a peep from the foreclosing attorneys representing the first mortgage. Now they've received an identical notice to foreclose. SIX years? They obviously have no plan to dispute this, credit is in the toilet because this is still hanging out there so even secured cards don't help in rebuilding until this is done.
Is there any precedent to sue the foreclosing bank for sitting on this for an unreasonable amount of time? Is there anything to push this along this time? The first notice said the same thing - if they don't dispute it, its going forward but it never did. Now six years later the same thing. NJ and NY were topping the list on length of time from default to foreclosure at three years by the way (which I thought was ludicrous when I heard about it years ago).
Any input welcome, thanks. Kym
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