Wednesday, October 20, 2010

Foreclosure actions restarted by Bank of America

The foreclosure actions are restarted yesterday by Bank of America for more than 100,000 foreclosures in 23 states announced in a report by Bank of America. The bank report said that no important problems are found on the investigation.

Similarly the GMAC Mortgage also said that it reopen unrevealed number of foreclosure files. This is an important first step in exposing rumor that the mortgage industry is severely damaged.

The state attorneys in general continue to move forward for halt to foreclosure sales temporarily declaring they have slight assurance that actions are permanent.

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