Thus, by the terms of the Act, for all foreclosures completed prior to December 31, , the deadline to assert and record a challenge was December 31, For foreclosures completed between January 1, and December 31, , the three year statute of limitations runs from the date of the foreclosure. But the Act, as drafted, is not limited to just Ibanez defects.
We will see how title underwriters and the courts apply the Act in the months to come. Watch Your Kid!
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