Wednesday
Oct202010
Foreclosure Procedures Undergo Review
Wednesday, October 20, 2010 at 5:44PM Mortgage lenders possibly could have filed some faulty papers during the foreclosing process on tens of thousands of homes. Some major banks have suspended the foreclosure process temporarily. Bank of America has halted foreclosures in all 50 states as banks are under review by state attorney generals and the Federal Housing Administration.
If foreclosures are delayed significantly, it can take longer for the housing market to recover.
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