Friday, October 8, 2010

BofA Extends Freeze on Foreclosures to All 50 States - Bloomberg

BofA Extends Freeze on Foreclosures to All 50 States - Bloomberg



Bank of America Corp., the biggest U.S. lender, extended a freeze on foreclosures to all 50 states as concern spread among federal and local officials that homes are being seized based on false data.

“We will stop foreclosure sales until our assessment has been satisfactorily completed,” the Charlotte, North Carolina- based company said today in a statement. “Our ongoing assessment shows the basis for foreclosure decisions is accurate.”

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