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Home / Courts / N.C. Court of Appeals / Real Property  –  Mortgages – Civil Practice – Statutes of Limitations – Reformation – Sealed Instrument (access required)

Real Property  –  Mortgages – Civil Practice – Statutes of Limitations – Reformation – Sealed Instrument (access required)

Because the plaintiff-bank’s 2017 complaint seeks to reform a 2005 deed of trust, the bank’s reformation action is barred by the 10-year statute of limitations applicable to sealed instruments. We reverse summary judgment for the bank. Background In late 2004, defendant’s father (now deceased) refinanced the loan on the home he had purchased for her, and he executed ...

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