BofA, GMAC, and JP Morgan Postpone Foreclosures In More Than 23 States

It is coming to the attention of many State Attorney General’s as well as the mass media that some of our nations largest lending institutions have been foreclosing on homes without even reading the paperwork that is needed to complete the process. These banks have not been verifying the information and making sure the home that are slated to foreclose are the correct homes.

State Attorney General’s are turning up the heat on these lenders. There are formal investigations that are ongoing into the actions of lenders and the law firms hired by lender to facilitate the foreclosure sales. Some of the law firms are actually being investigated for providing fraudulent documents to the lenders pertaining to the foreclosure sales.

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