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Government

Deed in Lieu of Foreclosure Akin to Purchase, Lawyer Argues

The Legal Intelligencer

March 12, 2013

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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