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Bank Of America Halts Foreclosures In 23 States

Just two days after Chase announced that they would halt about 56,000 foreclosures due to the recent discovery of employees approving files for foreclosure without having the required documents in files, another major lender, Bank of America is following suit by halting foreclosures in 23 states.  In view of this recent action by these big players in the mortgage industry, you have to wonder just how many of those foreclosures that they have already been finalized against homeowners are actually valid. Read more

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