Bank of America Freezes Foreclosures in ALL 50 States

Bank of America halts foreclosures in all 50 states

WASHINGTON — Bank of America, the nation’s largest bank by assets, is placing a moratorium on all foreclosure proceedings and sales across the United States, according CNBC and a report on The Wall Street Journal’s Web site. The postponement takes effect Saturday.

Separately, PNC Financial Services Group Inc. is halting most foreclosures and evictions in 23 states for a month so it can review whether documents it submitted to courts complied with state laws.

An official at the Pittsburgh-based bank confirmed the PNC decision, which was reported earlier by the New York Times. The official requested anonymity because the decision hasn’t been publicly announced.

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Comments
2 Responses to “Bank of America Freezes Foreclosures in ALL 50 States”
  1. Colin says:

    A call to BoA Home Retention reveals they have stopped Foreclosure Sales ONLY. All other Foreclosure proceedings are still taking place. The corruption and fraud is still going full steam ahead.

  2. Carol Reeves says:

    Yippie, finally the truth is out, so when will wells fargo belly-up to the bar and admit to thier fraudulent assignments? I have an assignment that claims the original lender transfered to MERS and MERS to Wells Fargo Bank NA, only problem is the original lender hasn’t exisited since 2005, looked up the mers SIGNER AND IN REALITY HE IS A SERVICER FOR WELLS FARGO BANK NA, This corruption and madness needs to stop. -C

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