Bank of America Halts Foreclosures

Posted by Realty Executives Representative on Monday, October 11th, 2010 at 3:31pm.

sign restrictions apply Bank of America's decision to halt foreclosures across 23 states will now include the entire United States. They originally focused on stopping foreclosures in states where they are processed in court, but now they're on hold indefinitely across the country. Bank of America has also stopped sales of all bank owned properties while the process is being reviewed. Representatives have been quoted as saying it needed to review procedures used and the foreclosure documents themselves for potential errors. This has already had a major affect on Seminole County Real Estate and Orange County real estate as the number of available listings is affected, however it will help those in interested in marketing their Central Florida short sales. As the short term market for Central Florida bank owned properties decreases, we're still finding Central Florida short sale and government home sales all over the area.