Bank of America halts foreclosures in all states

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Bank of America has extended its foreclosure freeze to all 50 states. And as of October 13, at least one other lender has joined them.

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The nation’s largest bank, Bank of America, stopped sales of foreclosed homes in all 50 states today, a sign that the growing crisis in the real estate industry over flawed foreclosures is worsening.

Bank of America said it’s extended its review of foreclosure documents to all 50 states, and will stop all foreclosure sales until the review is completed. The ongoing assessment, previously confined.

Find information on foreclosures, real estate owned (REO) and bank-owned homes and properties from Bank of America’s Real Estate Center. Get the tools and information to help find a home that fits your homeownership goals.

October 11, 2010 – (RealEstateRama) – The California Reinvestment Coalition applauds Bank of America’s decision to halt foreclosure sales in all 50 states. The decision comes after reports last week of servicers- dubbed “robo-signers”- who signed thousands of foreclosure documents on a.

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Lenders, for instance, are required to abide by state laws, and most states.. If my husband stops paying the mortage and let's the house forclose which my name.. The bank will not negotiate with us for a short-sale or other.

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Perhaps staying ahead of Washington intervention, the nation’s largest bank has stopped foreclosure sales in all 50 states as it reviews the way it has been handling its paperwork. The action is in.