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roman123

SOL Defense In NYC--Timeline Question

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I have a rental property in NYC with Chase, (who sold to Bank of America, who sold to Wilmington Savings Fund)

 

That judge has recently ordered the bank to settlement conferences with us.

The bank is now offering us $40K for deed/walk away. I might add this figure keeps going up which makes me suspicious.

 

 

Does the 6 years for SOL defense start after the first missed payment?

 

or Does the 6 years start after acceleration by the bank (summons and complaint)?

 

 

In my case, last missed payment was Dec 2008

 

They filed Summons and Complaint March 2013

 

Thanks in Advance

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Can anyone please help with this or recommend a great real estate lawyer in NY who would know a lot about this topic?

 

Thanks

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