Bank of America - temporarily halts foreclosures

Concerned about how their foreclosure legal documents have been processed, the nation's largest mortage lender has immediately halted foreclosure proceedings in all 50 states. This is interesting as California is a non-judicial foreclosure state, and recently the other large mortgage companies have excluded California and have only halted foreclosures in those states that are "judicial" foreclosure states. (To learn more about the difference of judicial and non-judicial foreclosures, go to: www.all-foreclosure/com/judicial.htm)

Indicated that this process will take "a few weeks", B of A will not proceed with Trustee Sales or Judgements, however they will to continue to process delinquent loans.


Questions and Answers can be found in this article from the LA Times:

http://articles.latimes.com/2010/oct/09/business/la-fi-foreclosure-qa-20101009