Breaking: Bank of America Stops Foreclosures in 23 States

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Breaking: Bank of America Stops Foreclosures in 23 States
CrazyJarhead Offer Upgrade User ID: 1100980 United States 10/01/2010 05:37 PM Report Abusive Post Report Copyright Violation	Breaking: Bank of America Stops Foreclosures in 23 States Bank of America is halting foreclosures in 23 states because of paperwork problems, the Associated Press is reporting. The announcement follows the disclosure that a BofA official admitted to signing up to 8,000 foreclosure documents a month, usually without reading them. Earlier today Connecticut Attorney General Richard Blumenthal ordered a 60-day moratorium on all foreclosures by all banks, the first state to implement an industrywide freeze. Wednesday, JPMorgan Chase announced it was suspending foreclosures on 56,000 homes because of potential problems with documentation. [link to content.usatoday.com] Last Edited by CrazyJarhead on 10/01/2010 05:38 PM Pearl Harbor was an inside job.

Anonymous Coward User ID: 1104808 United States 10/01/2010 05:44 PM Report Abusive Post Report Copyright Violation	Re: Breaking: Bank of America Stops Foreclosures in 23 States Looks like a cascading effect is occuring. The lack of REAL paperwork, ie: the original documentation, is going to create a foreclosure mess it appears. Per a post/link yesterday the Ohio Secretary of State had made a CRIMINAL referral of the problems with one bank (Chase?) to the US Attorney for the Northern District of Ohio.
Anonymous Coward User ID: 1051156 United States 10/01/2010 05:44 PM Report Abusive Post Report Copyright Violation	Re: Breaking: Bank of America Stops Foreclosures in 23 States Great reporting..? of course they never listed the 23 states involved.. how convenient for the lenders..
Anonymous Coward User ID: 1115853 United States 10/01/2010 05:48 PM Report Abusive Post Report Copyright Violation	Re: Breaking: Bank of America Stops Foreclosures in 23 States So if I find out what 23 states are involved and it's one that I live in I will stop paying. I just love america

Anonymous Coward User ID: 1086168 United States 10/01/2010 05:51 PM Report Abusive Post Report Copyright Violation	Re: Breaking: Bank of America Stops Foreclosures in 23 States BofA sucks so bad...they got our loan after countrywide...wanted to re-fi at a 2% lower rate but their closing costs are so high it is ridiculous. They wouldn't budge...would take over 3 years to get it to pay for the re-fi.
Maximus User ID: 1120869 Mexico 10/05/2010 09:48 PM Report Abusive Post Report Copyright Violation	Re: Breaking: Bank of America Stops Foreclosures in 23 States This is a planned effort which simply got out of hand. It goes to the deepest places in our society. Hold you hats as the REAL story unfolds.
Anonymous Coward User ID: 1005671 United States 10/05/2010 10:01 PM Report Abusive Post Report Copyright Violation	Re: Breaking: Bank of America Stops Foreclosures in 23 States BoA is going bankrupt and it will be a messy one.

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