Editor's note: This story originally appeared in the January edition of DS News. New York’s statute of limitations to initiate foreclosure has been an ongoing and persistent issue facing the mortgage servicing industry. Courts have shown a disturbing comfort level with ...

Two experts explain why it is important for a servicer or a financial services law firm to retain the proof of mailing a pre-foreclosure notice and the consequences of not doing so.

Here’s why servicers and attorneys must partner to deal with the statute of limitations law in New York, which remains an area of risk and confusion. Editor’s Note: This feature originally appeared in the January issue of DS News.