Borrower May Sue after Three Years To Rescind Mortgage Loan, 4th Circuit Rules

Ballard Spahr LLP via JDSupra In a decision that possibly opens the door for renewed foreclosure delays, the U.S. Court of Appeals for the Fourth Circuit has held that a lawsuit seeking rescission is timely where the consumer provided notice of rescission to the subservicer within three years of closing but did not file suit until […]