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Home / Opinion Digests / Homeowner’s suit against lender barred by statute of limitations (access required)

Homeowner’s suit against lender barred by statute of limitations (access required)

The circuit court correctly held that a homeowner’s breach of contract claims against his lender accrued when his debt was accelerated prior to foreclosure for statute of limitations purposes. Background In 2009, Dennis Kerns borrowed money from a mortgage lender to purchase property. The loan was accompanied by a promissory note and a deed of trust. The ...