Saturday

Bank of America halts foreclosures in all 50 States

It's nearly the end of 2010 and Bank of America, JP Morgan Chase and a few others are halting foreclosures pending an investigation into whether these foreclosures are totally legit. Seems there's been a lot of paper-pushing, but the procedures have not passed muster in terms, I guess, of due process in some instances, and proper documentation, etc. So the bank has voluntarily halted all foreclosures to make sure it's people have the procedures right, and that families who shouldn't be foreclosed on, aren't foreclosed on. Stay tuned.

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