Despite facial reading of statute to the contrary, government had both foreclosure rights and civil cause of action, as such a reading of the statute best effectuates the intent & purpose of the statute.
Claim accrued for statute of limitations purposes at the discovery fo the underlying crime, not the defaulted mortgage payments.
United States v. Livecchi
Tuesday, April 02, 2013
Second Circuit -- United States v. Livecchi
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Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.
Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.
Author's SSRN page here.