Bank of America delays foreclosures in 23 states

[Ghost in the Machine]

By ALAN ZIBEL
AP Real Estate Writer
WASHINGTON (AP) - Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents.

The move adds the nation's largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases without verifying the information in them.

Bank of America isn't able to estimate how many homeowners' cases will be affected, Dan Frahm, a spokesman for the Charlotte, N.C.-based bank, said Friday. He said the bank plans to resubmit corrected documents within several weeks.

Two other companies, Ally Financial Inc.'s GMAC Mortgage unit and JPMorgan Chase, have halted tens of thousands of foreclosure cases after similar problems became public.

http://www.wrcbtv.com/Global/story.asp?S=13254079

[Swamp Rat]

1. I hate Bank of America.

eom

[RandomThoughts]

3. Bank of America has been out front in a few actions

Sounds like a responsible policy they are trying to create, now lets get some base line rules, so banks that don't do responsible things don't make more money then them, and try to force them to not be responsible in a race to the bottom way.

[TlalocW]

2. What are the states?

I can't find a list.

TlalocW

[oldgrowth]

4. Those states are. list and link

Connecticut, Delaware, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Vermont and Wisconsin. It's on Page 3.

http://abcnews.go.com/Business/wirestory?id=11778436&page=1