Friday, October 8, 2010

Bank of America is halting foreclosure proceedings - Oct. 8, 2010

Bank of America is halting foreclosure proceedings - Oct. 8, 2010

NEW YORK (CNNMoney.com) -- Bank of America is halting foreclosure proceedings in all 50 states as part of a widening investigation into flaws in the process, the company announced Friday.

"Bank of America has extended our review of foreclosure documents to all fifty states," spokesman Dan Frahm said in an e-mailed statement. "We will stop foreclosure sales until our assessment has been satisfactorily completed."

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