New York appeals court upholds dismissal of foreclosure case over lender's three-year delay

A New York appeals court has backed the dismissal of a mortgage foreclosure lawsuit against a borrower. The lender waited three years before seeking a default judgment after the borrower failed to respond. State regulations require lenders to act within one year of a borrower's non-response or risk dismissal. The ruling strengthens homeowner protections and underscores the need for prompt action in foreclosure proceedings.