Not so Fast! How Does Revoking Acceleration of a Note Impact the Statute of Limitations?
By: Ben Reeves Introduction Lenders routinely accelerate notes after a default occurs, calling the entire loan due immediately. Less regularly, a lender may change its mind and unilaterally revoke the acceleration. Rarely, however, does a lender fail to foreclose on its real property collateral before the statute of limitations expires. In Andra R. Miller Designs, […]
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5 min read
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Tagged: Acceleration, Andra R. Miller v. U.S. Bank, Deed of Trust, Promissory Note, Revocation
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Ben Reeves
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