A lot of things are pointing to blanket stoppage of all home foreclosures: one is the recent move by Bank of America to freeze foreclosures in all 50 states and the other is the upcoming November 2 midterm elections where people will surely think about the reeling economy when they vote. However pressing these two events may be, a top Read full article »
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New Bill May Give Banks And Mortgage Processors Legal Cover For Improper Foreclosures
Real estate watchers have heard of news of GMAC and JPMorgan Chase putting a halt on foreclosure proceedings. What they have not heard of is a bill – which has passed the Senate with lightning speed – that will make it harder to nullify improper foreclosure attempts by banks and mortgage processors. The bill, which is only getting media attention Read full article »
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