Full Article at The New York Times
"There are tens of thousands of homeowners who have missed more than
five years of mortgage payments, many of them clustered in states like Florida,
New Jersey and New York, where lenders must get judges to sign off on
foreclosures.
However, in a growing number of foreclosure cases filed when home
prices collapsed during the financial crisis, lenders may never be able to seize
the homes because the state statutes of limitations have been exceeded,
according to interviews with housing lawyers and a review of state and federal
court decisions."
