BOM Starts Foreclosures Bankruptcy News

As many Bank of America mortgage holders hoped for the freeze on U.S. home foreclosures last longer, it thawed out rather quickly providing much less relief to struggling homeowners than anticipated. On Monday, the mortgage giant announced they will resume foreclosure activity on more than 100,000 homes in 23 states next week, citing their legal right to foreclose on homes in default despite claims that documents previously used were hastily processed.

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