Lender’s Ability To Foreclose On Reverse Mortgage Note Not Time-Barred

Mealey's (October 6, 2022, 11:10 AM EDT) -- DALLAS — A reverse mortgage note holder’s ability to foreclose on the borrower’s property is not barred by the relevant statute of limitations because the note holder’s predecessor filed a foreclosure action in 2019 and received a final judgment that preserved the note holder’s right to foreclose, a federal judge in Texas ruled....