Harry v. Countrywide Home Loans, Inc.

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In this action filed by Plaintiffs seeking to enjoin their property’s foreclosure sale, the First Circuit affirmed the district court’s dismissal of Plaintiffs’ complaint under Fed. R. Civ. P. 12(b)(6) and the denial of Plaintiffs’ request for injunctive relief, holding that the district court did not abuse its discretion in concluding that the statute of limitations applied to the bulk of Plaintiffs' claims. Plaintiffs obtained a loan from Countrywide Home Loans, Inc. to refinance their Massachusetts property. After Plaintiffs defaulted on their loan they initiated this action to void their transaction and enjoin their property’s foreclosure sale. The district court granted Defendants’ motion to dismiss the bulk of Plaintiffs’ claims as time-barred and denied Plaintiffs’ request for injunctive relief. The First Circuit affirmed, holding (1) the district court properly found that the statute of limitations applied to the majority of Plaintiffs’ claims; and (2) the remainder of Plaintiffs’ arguments were meritless. View "Harry v. Countrywide Home Loans, Inc." on Justia Law