BoA "We will stop foreclosure sales..."

[Joseph Burkeson, CMI]

More unneeded pressure for the home inspection profession.

Bank of America puts sales on hold
Foreclosure flaw forces lender to review action

Bank of America, the nation's largest lender, said Friday it will suspend foreclosure sales across the country, a decision that could confound some Texans at risk of losing their homes and put further pressure on an already-struggling housing market.

The Charlotte, N.C.-based bank, which already had stopped repossessing homes in 23 states where foreclosures require court approval, expanded its freeze Friday amid growing concern over flaws in foreclosure documents.

Excerpt: http://www.chron.com/disp/story.mpl/...s/7239158.html

[Joseph Burkeson, CMI]

More conformation...

Bank of America halts foreclosure sales nationwide