s*******d
发帖数: 17566 | 1 Bank of America Corp., the nation's largest bank, said Friday it would stop
sales of foreclosed homes in all 50 states as it reviews potential flaws in
foreclosure documents.
A week earlier, the company had said it would only stop such sales in the 23
states where foreclosures must be approved by a judge.
The move comes amid evidence that mortgage company employees or their
lawyers signed documents in foreclosure cases without verifying the
information in them.
"We will stop foreclosure sales until our assessment has been satisfactorily
completed," company spokesman Dan Frahm said in a statement. "Our ongoing
assessment shows the basis for our past foreclosure decisions is accurate."
http://news.yahoo.com/s/ap/20101008/ap_on_bi_ge/us_foreclosure_mess | r******e
发帖数: 289 | 2 This just reflects the muddle situation when a big elephant wants to turn
around. It will slow down the foreclosure process but would not change the
direction in the long term.
stop
in
23
satisfactorily
【在 s*******d 的大作中提到】
: Bank of America Corp., the nation's largest bank, said Friday it would stop
: sales of foreclosed homes in all 50 states as it reviews potential flaws in
: foreclosure documents.
: A week earlier, the company had said it would only stop such sales in the 23
: states where foreclosures must be approved by a judge.
: The move comes amid evidence that mortgage company employees or their
: lawyers signed documents in foreclosure cases without verifying the
: information in them.
: "We will stop foreclosure sales until our assessment has been satisfactorily
: completed," company spokesman Dan Frahm said in a statement. "Our ongoing
| J*****t
发帖数: 281 | 3 it smells the 2nd wave is coming......a even bigger one. |
|
