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Oct 08, 2010

Bank Of America To Temporarily Halt Foreclosure Sales Nationwide

Due to a public uproar over the allegedly passive review of documents leading to residents being evicted from foreclosed homes, Bank of America has announced that it will temporarily halt all foreclosure proceedings and sales nationwide, reports the Washington Post. In a statement, the bank said that they “will stop foreclosure sales” until an internal investigation is completed. “Our ongoing assessment shows the basis for foreclosure decisions are accurate. We continue to serve the interests of our customers, investors and communities. Providing solutions for distressed homeowners remains our primary focus,” said the statement.

 
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