Business
Foreclosure to Home Free, as 5-Year Clock Expires
Michael Corkery, THE NEW YORK TIMES
MIAMI (The New York Times)—In September, Susan Rodolfi celebrated an unusual anniversary: five years of missed mortgage payments.
She is like a ghost of the housing market’s painful past, one of thousands of Americans who have skipped years of mortgage payments and are still living in their homes.
Now a legal quirk could bring a surreal ending to her foreclosure case and many others around the country: They may get to keep their homes without ever having to pay another dime.
The reason, lawyers for homeowners argue, is that the cases have dragged on too long.
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.
###
Activism
Oakland Post: Week of May 14 – 20, 2025
The printed Weekly Edition of the Oakland Post: Week of May 14 – 20, 2025

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland Post: Week of May 7 – 13, 2025
The printed Weekly Edition of the Oakland Post: Week of May 7 – 13, 2025

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland Post: Week of April 30 – May 6, 2025
The printed Weekly Edition of the Oakland Post: Week of April 30 – May 6, 2025

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
-
Activism3 weeks ago
AI Is Reshaping Black Healthcare: Promise, Peril, and the Push for Improved Results in California
-
Activism4 weeks ago
Oakland Post: Week of April 16 – 22, 2025
-
Activism3 weeks ago
Newsom Fights Back as AmeriCorps Shutdown Threatens Vital Services in Black Communities
-
Activism3 weeks ago
Barbara Lee Accepts Victory With “Responsibility, Humility and Love”
-
Activism3 weeks ago
ESSAY: Technology and Medicine, a Primary Care Point of View
-
Activism3 weeks ago
Faces Around the Bay: Author Karen Lewis Took the ‘Detour to Straight Street’
-
Activism3 weeks ago
Teachers’ Union Thanks Supt. Johnson-Trammell for Service to Schools and Community
-
Alameda County3 weeks ago
OUSD Supt. Chief Kyla Johnson-Trammell to Step Down on July 1