Published Jun 25 2013 by Mortgage Daily

U.S. Bank Loses $1.2 mil Condo Due to Missed Deadline

U.S. Bank, N.A., lost its interest in a $1.2 million condominium in South Florida to the home owners association because it missed the statute of limitations.

The property was purchased by Rivka Bichler in 2005 for $1.5 million with a loan from EMC Mortgage, the Bear Stearns subsidiary that is now owned by JPMorgan Chase...

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