The largest U.S. bank reportedly acknowledges discovering some mistakes in foreclosure files as it begins to resubmit documents in 102,000 cases.
Continue reading Bank of America Finds Foreclosure Errors
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After a 16-day review of its foreclosures, Bank of America says it found no problems with any of them, and now it’s ready to resume processing the paperwork. But that’s a claim so unbelievable it doesn’t pass the straight-face …
The Mortgage Bankers Association said they tumbled 10.5% last week, the biggest fall-off in four months. While the foreclosure crisis may be playing a role in the decline, rising interest rates are also partly to blame.
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Attorneys will have to certify under penalty of perjury that they have personally reviewed all the key documents and that they have spoken directly with their clients, the foreclosing financial institutions. That will disrupt t…