Reports are coming out this morning That Bank of America will halt all foreclosures in the Entire United States. Last week Bank of America had occurred Announced That They Will halt foreclosures in 23 states, HOWEVER, it Appears That They have extended this Thurs all states in the U.S..
Bank of America decided Thurs stop the processing of foreclosures Last Week Because They wished Thurs investigate the Procedures Being Used in Evaluating Foreclosure filings. Reports Indicated That somethings Employees of the bank had occurred Taken less then a couple minutes to Evaluate Each Filing before approving Them.
There has Been no word as Thurs how long the delay will be before They start processing foreclosures once more, HOWEVER, the delay in May fact-somethings help homeowners hold onto Their Homes. The hope, by many, is That Other Banks will follow suit.
Bank of America is the largest bank holding company in the United States. With over 280.000 Employees Worldwide, They serve clients in over 150 countries. Last year the bank had occurred revenue of $ 150 Billion, and Net Income of $ 6.2 Billion.
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