Bank Of America Halts Foreclosure Sales In 50 States
WASHINGTON (AP) - Bank of America Corp., the nation's largest bank, is stopping sales of foreclosed homes in all 50 states as it reviews potential flaws in foreclosure documents.
The company had previously said it would only stop such sales in the 23 states where foreclosures must be approved by a judge.
The move comes amid evidence that mortgage company employees or their lawyers signed documents in foreclosure cases without verifying the information in them.
"We will stop foreclosure sales until our assessment has been satisfactorily completed," company spokesman Dan Frahm said in a statement. "Our ongoing assessment shows the basis for our past foreclosure decisions is accurate."
(Copyright 2010 by The Associated Press. All Rights Reserved.)
Most Popular StoriesMost Popular StoriesMore>>
SPOKANE COUNTY, Wash. - The second person suspected of stealing a purse from a Freeman parent's car during last week's shooting and racking up approximately $36,000 in charges has been arrested. 37-year-old Renee Mann was booked into the Spokane County Jail Tuesday night just before 10:00 p.m. on 13 charges, including Identity Theft, Theft, and Forgery. Mann should be making her first court appearance on Wednesday.>>
SPOKANE, Wash. - Spokane police are investigating after a brazen boat theft on the South Hill over the weekend. The boat's owner was getting ready to put it away for the season, but when he went outside to take it to the marina, it was nowhere to be found.>>
SPOKANE, Wash. - A man is facing attempted 2nd degree murder charges for shooting at deputies during a traffic stop early Wednesday morning. The incident all happened around 1:30am near Freya and Day Mount Spokane Road. Deputies say after the man fired shots he took off and there was a short pursuit. The man then stopped his car and took off running.>>
SPOKANE, Wash. - The man who admitted to kidnapping and then killing a stranger outside a Cheney marijuana shop gave a full confession to KHQ's Hayley Guenthner as he sat behind bars. Donavon Culps said he shot victim Cameron Smith "three or four times" after he felt Smith was "disrespectful" to him.>>
On Tuesday the woman accused of car prowling frantic parents moments after the Freeman school shooting faced a judge for the first time. A judge ordered Nicole Jensen held on $50,000 bond. Jensen is charged with stealing a purse from a mother who left her car behind to search for her child, then racking up upwards of $35,000 on the stolen credit cards.>>
SPOKANE COUNTY, Wash. - In a four minute hearing on Friday, September 15, 15-year-old Caleb Sharpe pleaded not guilty to one count of First Degree Murder and three counts of Attempted First Degree Murder. Sharpe's parents and his lawyer were present for the hearing, which started at 1:02 and ended at 1:06.>>