BofA Stops All Foreclosures to Review Documentation

Source: Source: Washington Post | Published on October 8, 2010

>Bank of America announced on Friday that it's putting the brakes on all foreclosure sales and foreclosure proceedings nationwide while it reviews the documents being used to justify homeowner evictions.
>It is the first bank to put a moratorium on foreclosures in all 50 states. Previously, Bank of America, JPMorgan Chase and others were only pausing foreclosures in states where a court has to participate in foreclosure proceedings.