In addition, the appellate court held that de-acceleration notices must be clear and ambiguous, and when standing is raised, it is a necessary element to establish a valid de-acceleration. Mortgagees and their servicers should take note that a New York appellate court has confirmed that a default letter, stating the mortgage debt “will be accelerated” if the default is not cured, does not clearly and unequivocally accelerate the debt. Consumer Finance Litigation August 2018 (No.
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