Bank of America Halts Sales of Foreclosed Homes

The nation's largest bank, Bank of America, stopped sales of foreclosed homes in all 50 states today, a sign that the growing crisis in the real estate industry over flawed foreclosures is worsening. Bank of America executives said that the decision will allow them to review the documents that it uses to process foreclosures. Just a week earlier, they halted sales of foreclosed homes in 23 states. "We will stop foreclosure sales until our assessment has been satisfactorily completed," Bank...Full Story
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