Industry NewsMortgage

BofA halts foreclosure sales in all 50 states

PNC becomes 4th lender to review procedures in 23 judicial foreclosure states
Published on Oct 8, 2010

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Bank of America said it's extended its review of foreclosure documents to all 50 states, and will stop all foreclosure sales until the review is completed.

The ongoing assessment, previously confined to 23 states where courts have jurisdiction over foreclosures, "shows the basis for foreclosure decisions is accurate," Bank of America said in a statement.

Bank of America had identified the 23 states where it is delaying foreclosures as Connecticut, Delaware, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvani

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