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Expert Analysis

NY High Court Standing Ruling Looks Like A Win For Lenders

Law360, New York ( July 6, 2015, 10:21 AM EDT) -- In the wake of the financial crisis, the issue of standing has been at the center of hundreds of contested residential mortgage foreclosure actions. Despite the volume of mortgage foreclosure actions in which the plaintiff's standing has been a central issue, the New York State Court of Appeals somehow largely avoided weighing in during the time period after the financial crisis on the issue of standing in mortgage foreclosure actions....

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