Flawed Foreclosure Documents Thwart Home Sales

The slowdown in foreclosures by banks appears to be creating a whole new set of problems, according to an article in today’s New York Times.  “This crisis takes a situation that’s already bad and kind of cements it into place,” said Joshua Shapiro, chief United States economist for MFR Inc., an economic consulting firm. With […]

Bank of America Halts Foreclosure Cases

Bank of America has temporarily frozen all foreclosures as it examines whether it rushed the foreclosure process for thousands of homeowner’s without reading the documents.  In an e-mailed statement, Bank of America said it would “amend all affidavits in foreclosure cases that have not yet gone to judgment.” The reason for the halt stems from […]