foreclosure rain: Here Comes The (foreclosure) Rain Again....Falling On Our Heads
- 10/01/11 01:35 AM
Depending on what news you follow and what topics interest you, CNBC announced that Bank of America is increasing its foreclosure activity. The release indicated that Bank of America is delivering more notices of default to borrowers in August, well over 200 percent more than in previous months. (A notice of default is the first stage of the foreclosure process in non-judicial foreclosure states, that is, where foreclosures do not go before a judge. The notice of default is usually sent when a borrower is 90 days or more overdue in payments, but that timeline has been extended significantly during this … (86 comments)
Depending on what news you follow and what topics interest you, CNBC announced that Bank of America is increasing its foreclosure activity. The release indicated that Bank of America is delivering more notices of default to borrowers in August, well over 200 percent more than in previous months. (A notice of default is the first stage of the foreclosure process in non-judicial foreclosure states, that is, where foreclosures do not go before a judge. The notice of default is usually sent when a borrower is 90 days or more overdue in payments, but that timeline has been extended significantly during this … (86 comments)
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