The New York Times profiles Susan Rodolfi, who like tens of thousands of Americans, still lives in her home despite missing five years of mortgage payments.
The Miami homeowner’s story is similar to delinquent homeowners in states like New Jersey and New York, where lenders must get judges to sign off on foreclosures.
During the housing bust, when a steady stream of mortgages gone sour outpaced the mortgage servicers’ ability to keep up, cases like Rodolfi’s fell through the cracks.
But the six-year statute of limitations in these states means lenders may lose the chance to foreclose on these homes.
Today, as her case still grinds through the courts, there is a possibility that Rodolfi can walk away from the case and keep her house without having to pay a dime.
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