Tag: foreclosure sales

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News: NY Banking Dept. Requests Suspension of Foreclosure Actions

The following is from the NY Banking Department’s website: October 8, 2010 To the Institution Addressed: Recent events surrounding the foreclosure process of several mortgage loan servicers and the use of individuals identified as “robosigners” to execute affidavits without proper verification have raised considerable concerns for the Banking Department. As you may be aware, on […]


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News: BOA Halting Foreclosure Sales In All 50 States

The Wall Street Journal reports that Bank of America (BOA) is placing a moratorium on all “foreclosure sales” across the U.S. (see below). However, BOA hasn’t halted all foreclosure proceedings (see our earlier post Major Banks Halting Foreclosures in NY?). Additionally, it appears that a BOA spokesperson is implying that BOA’s completed foreclosures were proper. […]


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