Teves Realty, Inc. v. Terry

Summary

The Second Circuit affirmed the district court’s judgment, holding that Teves Realty had standing to foreclose, that the district court’s finding of liability for the 2010 loan principal was not clearly erroneous, and that the court’s discretionary reduction of prejudgment interest was proper. The court also rejected the defendant’s claim of equitable tolling of interest. The decision rests on de novo review of standing, clear‑error review of factual findings, and abuse‑of‑discretion review of the interest award.