A mortgagee who acquires a deed in lieu of foreclosure should be protected by the same three-year statute of limitations on a municipal lien that would apply to an outright purchaser of the property, an attorney for the mortgagee argued before the state Supreme Court last week.
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Deed in Lieu of Foreclosure Akin to Purchase, Lawyer Argues
The Legal Intelligencer
March 12, 2013
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