Well now Bank of America has decide to stop foreclosures in all 50 states! This is a significant move by one of this country's largest financial institutions. California, which had many distress homeowners finally made a list. The only question now is if distressed consumers will benefit by having more options available to them?
This could help in expediting short sales and avoid foreclosures which are obviously being processed in a questionable manner. Depending on what the outcome of all of this is let's hope for some banking reform so that all banks are on the same page. No more of having different processes fro each bank. I'm not going to hold my breath on that one but I will cross my fingers.
Comments(4)