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Bank of America to Freeze Home Foreclosures

  Bank of America is the third major lender over the past two weeks to freeze foreclosures in the 23 states where the foreclosure process is controlled by the courts. Bank of America went further than GMAC and J.P. Morgan Chase who have said they w

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Bank of AmericaBank of America is the third major lender over the past two weeks to freeze foreclosures in the 23 states where the foreclosure process is controlled by the courts. Bank of America went further than GMAC and J.P. Morgan Chase who have said they will amend paperwork only in cases they think were improperly done. So far, that's been a small handful of cases.

Bank of America, in an e-mailed statement, said it would “amend all affidavits in foreclosure cases that have not yet gone to judgment.”

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