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Bank of America plans to resume some foreclosures
WASHINGTON — Bank of America says it plans to resume foreclosures in 23 states next week and will refile paperwork for 102,000 cases. The company says it will begin refiling documents next Monday in states that require a judge’s approval to restart the foreclosure process. The company says it will continuing delaying about 30,000 foreclosures […]
Consequences of foreclosure can be lasting
The mortgage mess has now evolved into the foreclosure mess. With Bank of America and other major lenders re-examining the apparently faulty paperwork done in foreclosing on thousands of homes, there surely will be consequences — for the lenders, servicers, homeowners and the people who are in the process of purchasing foreclosures. This timeout to […]
BofA halts foreclosure sales in 50 states
WASHINGTON — Bank of America Corp., the nation’s largest bank and the largest bank in Maryland, said Friday it would stop sales of foreclosed homes in all 50 states as it reviews potential flaws in foreclosure documents. A week earlier, the company had said it would only stop such sales in the 23 states where […]
Bank of America and U.S. Olympic Committee cut ties
Is this as bad as I think it sounds? The Bank of America, after 16 years of sponsoring the U.S. Olympic team, announced today it is ending its support of the USOC. The bank cited a poor return on investment as its primary reason for cutting the cord, according to the Sports Business Journal. BofA […]
