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Appeals court dismisses U.S. Bank foreclosure claim over delayed default

U.S. Bancorp logoU.S. Bancorp
Sig2.70Sen-3.10Env0.00Soc-0.60Gov-2.40

A New York appeals court ruled that U.S. Bank National Association abandoned its foreclosure claim against Black Plaza Management, LLC by failing to move for a default judgment within the one-year window required by CPLR 3215(c). After earlier denials, the panel modified the lower court order to dismiss the claim, awarding costs to the company.

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