Texas Dirt Law
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In a foreclosure suit, a federal district court in Texas recently held that the bank’s acceleration had not been abandoned, and therefore, the bank’s attempt to enforce its mortgage lien more than four years after acceleration was barred by limitations. Murphy v. HSBC Bank USA, No. H-12-3278, 2014 U.S. Dist. LEXIS 57612 (S.D. Tex. Apr. 23, 2014) (opinion available here).
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