Bank of America Resumes Foreclosures --> The Bank of America (BofA) has resumed foreclosure proceedings on more than 100,000 homes throughout the U.S., the company announced Monday.
Most major banks, including BofA, temporarily halted foreclosures out of concern that the torrent of paperwork had created inaccuracies in some of the transactions.
"The basis of our foreclosure decision is accurate," said Dan Frahm a BofA spokesman in announcing the bank would resume the proceedings in 23 states.
Analysts think it is likely that other major lenders, many of which also temporarily suspended the foreclosures, will follow suit.
Most Popular Stories
- World Bank: Rich Countries Must Curb Emissions
- Airport Garners Social Media Award
- Social Media Campaign Increases Organ Donor Registrations
- What Will Happen When Quantitative Easing Ends?
- Immigration Reform Would Decrease U.S. Budget Deficit
- MillerCoors Taps New Hispanic Ad Agency
- Aetna Leaving California's Individual Health Insurance Market
- Conference Slated for Hispanic Tech Startups
- Tea Party Wants to 'Audit the IRS'
- Calories Count: Starbucks to Post the Numbers on Menu Boards