The Next Real Estate Crisis for Investors?
As a result of the economic downturn and its effect on real estate, real estate investors and other property owners may be at risk of owning unmarketable properties. This may be a huge problem for those who own real estate secured by a mortgage which is unenforceable due to the expiration of the statute of limitation. The statute of limitation for a mortgage foreclosure action is 5 years, and that time period begins to run from the date of the default. In many instances, len
