foreclosure moratorium: Full-Blown Foreclosure Moratorium Unlikely
- 10/12/10 11:23 AM
The chances of a full-blown Foreclosure Moratorium are slim and none despite all the retoric and hopes from many politicians desperate for re-election. According to an internal communication sent to Bank of America's REO Vendor Partners, BOA's delay in foreclosure action is likely to be brief...less than a month and only to confirm the process is sound. Because there is much confusion about what the latest issues are and most people don't read beyond the headlines, this most recent cry for taking the foot off the accelerator of foreclosure auctions is likely to fall on deaf ears. First, since when has … (3 comments)
The chances of a full-blown Foreclosure Moratorium are slim and none despite all the retoric and hopes from many politicians desperate for re-election. According to an internal communication sent to Bank of America's REO Vendor Partners, BOA's delay in foreclosure action is likely to be brief...less than a month and only to confirm the process is sound.
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