Foreclosures Halted

Posted on Monday, October 18th, 2010 at 12:42pm.

Foreclosures Halted


As many already know, Bank of America recently announced that it was halting foreclosures in all fifty states, as it reviews the foreclosure process for problems.  A few other banks have halted foreclosures as well.

How did this start?

Why can't the banks prove they won the mortgages?

Why is this in the news now?

Is this all politics?

What does this mean for the banks?

What does this mean for the economy and the housing market?

These are all valid questions.  A well written primer on this foreclosure mess, can be found on  To read the entire article, "A Primer on the Foreclosure Process", please click here.

Mahalo For Reading.


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