Dieppa Law BlogForeclosure Suspensions
Foreclosure Suspensions Already Being Canceled By Major Banks
As reported by Harriet Johnson Brackey of the South Florida Sunsentinel, Bank of America has already announced that it is canceling the suspension of the foreclosure process and is resuming foreclosures. BOA is preparing to file new affidavits in its foreclosure lawsuits. Although not unexpected, the length of the review was extremely short and it [...]
Major Banks are Suspending Foreclosures. What This Means for You?
Bank of America, Ally (GMAC) and JP Morgan Chase are the largest banks to announce they are temporarily suspending foreclosures while they review thousands of foreclosure files. How does this impact everyone? For buyers, you may have to wait while the bank reviews the foreclosure litigation that ended with the bank owning the property. We’ve [...]