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Banks Halt Foreclosures as Procedures Investigated

Posted on October 08  
Four major banks have halted foreclosures amid a probe of procedures used for processing documents. Questions and concerns have been raised about whether or not bank officials improperly signed and processed foreclosure documents without reviewing the information. Bank of America, which previously halted foreclosures in certain states, said in a statement: "Bank of America has extended our review of foreclosure documents to all fifty states. We will stop foreclosure sales until our ass.... Read More...

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