Bank of America Halts Foreclosures in 50 States
WASHINGTON – Potential flaws in foreclosure documents are threatening to throw the real estate industry into a full-blown crisis, as Bank of America on Friday became the first bank to stop sales of foreclosed homes in all 50 states.
The move, along with another decision on foreclosures by PNC Financial Services Inc., adds to growing concerns that mortgage lenders have been evicting homeowners using flawed court papers.
See the following link:
http://news.yahoo.com/s/ap/20101008/ap_on_bi_ge/us_foreclosure_mess
/CM/Bankruptcy/Foreclosure-What-Are-YourRights.asp
