Bank of America Ends Foreclosure Ban
Bank of America said Monday it will resume foreclosures in 23 states. The country's largest bank stopped processing foreclosures nationwide while it investigated a mess of paperwork that cast doubt on the validity of home seizures. A self-imposed ban remains in 27 states.
Bank of America said Monday it will resume foreclosures in 23 states. The country’s largest bank stopped processing foreclosures nationwide while it investigated a mess of paperwork that cast doubt on the validity of home seizures. A self-imposed ban remains in 27 states.
Rooted in Truth.Reuters:
The bank said it would lift the halt on foreclosure sales in the 23 U.S. states that require a judge’s approval for foreclosure.
In the remaining 27 states, Bank of America’s foreclosure halt will continue, though it projects that less than 30,000 foreclosures will be affected in those areas.
Independent by Design.
Your support helps ensure that rigorous reporting, thoughtful analysis, and investigative journalism remain accessible to everyone.
Support independent journalism.
Related Stories
Editorial Cartoons
The three major indexes set more record highs than in 2018 and kept the longest bull market for stocks going.
They feel Americans have demonstrated that they value discounts more than intangible privacy concerns.
The Vermont senator's latest proposals include replacing the Federal Election Commission, capping individual donations at $500 and more.
Over 200 corporations sign a brief urging the court to rule this fall that existing federal law protects LBTGQ people from discrimination.
Just as critics feared, the nation's top financial institutions are rewarding their shareholders at the expense of workers and customers.
Editorial Cartoons
The three major indexes set more record highs than in 2018 and kept the longest bull market for stocks going.
They feel Americans have demonstrated that they value discounts more than intangible privacy concerns.
The Vermont senator's latest proposals include replacing the Federal Election Commission, capping individual donations at $500 and more.
Over 200 corporations sign a brief urging the court to rule this fall that existing federal law protects LBTGQ people from discrimination.
Just as critics feared, the nation's top financial institutions are rewarding their shareholders at the expense of workers and customers.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.