October 10, 2010: The home mortgage crisis took a new turn as Bank of America said it would immediately halt foreclosure sales in all 50 states. A foreclosure sale is the result of a mortgage foreclosure. When a homeowner cannot keep up with payments to the mortgage holder, the mortgage holder has the right to [...]
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Halting foreclosure sales
October 10th, 2010 · 1 Comment - add yours · bailout, congress, economics, Economy, election, employment, housing crisis, labor, Politics, Population, stimulus
Tags: Assets·foreclosure·foreclosure sales·fraud·halting foreclosure sales·homeowner·mortgage·mortgage lenders·TARP