Press Release
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Oct 17, 2024 16:00 EDT
Through the aggressive legal representation of Petroff Amshen LLP, a Staten Island property owner has successfully ended a long-standing mortgage dispute, securing a final court ruling that cancels and discharges the mortgage debt on their home.
NEW CITY, N.Y., October 17, 2024 (Ecnetnews.com)
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Through the aggressive legal representation of Petroff Amshen LLP, a Staten Island property owner has successfully ended a long-standing mortgage dispute, securing a final court ruling that cancels and discharges the mortgage debt on their home. The New York State Supreme Court’s decision marks the end of the case, granting the owner clear and undisputed ownership of their property.
The central issue in the case was the six-year statute of limitations for foreclosure actions, with the firm arguing that a prior foreclosure action in 2010 had triggered the statute, making the mortgage unenforceable by the time a new foreclosure was filed in 2018. By leveraging the recently enacted Foreclosure Abuse Prevention Act (“FAPA”), which clarified that discontinuing a foreclosure does not reset the statute of limitations, Petroff Amshen successfully had the 2018 foreclosure action dismissed as untimely, securing a final victory for the client after years of court hearings.
“Our years of experience and specific approach at Petroff Amshen LLP provided us with the guidance needed to navigate this complex legal process,” declared Serge F. Petroff, founding member and partner. “This final decision secures our client’s property ownership, protects their family from future actions, and is the perfect example of our dedication to protecting homeowners’ rights in foreclosure disputes.”
This case is one of many where Petroff Amshen LLP successfully represented homeowners facing difficult foreclosure actions. The firm’s in-depth knowledge of foreclosure defense law and its focus on emerging legal frameworks like FAPA has helped protect the rights of thousands of clients throughout New York.
With nearly two decades of experience, Petroff Amshen LLP remains a leading firm in foreclosure defense. It provides comprehensive legal support to property owners, including mortgage litigation, bankruptcy, identity theft protection, and credit repair. Its impressive track record reflects its dedication to guiding clients through complex matters and standing up for their rights even in the face of formidable legal battles.
This successful result also sets an important precedent for property owners across New York: it reinforces the importance of the statute of limitations in mortgage foreclosure actions. Petroff Amshen LLP’s experience and adaptability demonstrate its unwavering commitment to protecting clients within the ever-changing legal landscape.
Source: Petroff Amshen LLP
