Succumbing to legal and political pressure, Bank of America announced today that it suspending ALL foreclosures in the entire country until further notice. What this means is that BofA will no longer foreclose on any homeowner until it has had the time necessary to review ALL title and foreclosure documents on all of its mortgages to be certain that these docs are the correct ones and that they have been correctly completed and signed. How long this will take is anyone's guess, but the suspension begins tomorrow, Saturday, October 9, 2010.
There are hints that other large players in the home mortgage industry may also undertake such a policy, but thus far none have actually done so. Stay alert for further info in your local newspaper, TV, on-line or, of course, HERE!
Good luck!
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1 comment:
thank god for this good news,even though it is only a temp stall for the banks!this is what happens when
people are forced to do the wrong thing instead of helping those in need!no one seems to care anymore.
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