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Arizona Foreclosure update - Bank of America Halts sales..... Gilbert AZ Real Estate
Arizona Foreclosure update - Bank of America Halts sales..... Gilbert AZ Real Estate
 
Brief statement, big impact Bank of America, Arizona's largest home-mortgage lender, issued this short announcement Friday and denied requests for additional details:
"Bank of America has extended our review of foreclosure documents to all fifty states. We will stop foreclosure sales until our assessment has been satisfactorily completed. Our ongoing assessment shows the basis for our past foreclosure decisions is accurate. We continue to serve the interests of our customers, investors and communities. Providing solutions for distressed homeowners remains our primary focus."
Source: Bank of America
 


A major player in foreclosure market Bank of America issued nearly one-third of all Maricopa County foreclosure notices in September and was the listed seller for more than one-fifth of the bank-owned homes on the market.
• Active foreclosure notices
Total: 39,042
Bank of America: 12,198
BofA market share: 31%
• Foreclosed homes listed for sale in September
Total: 20,850
Bank of America: 4,551
BofA market share: 22%
Source: Information Market
BofA by the numbers Selected Bank of America nationwide data for the quarter ending June 30:
• Profit: Earned $3.1 billion, or 27 cents a ... more

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