Foreclosure Lawyers

Foreclosure

Confident that documentation issues are resolved, Bank of America goes forward with processing of growing backlog of foreclosures.

Ending an approximately two-month moretorium, Bank of America has announced that it will now resume processing of foreclosures. The bank suspended foreclosures nationwide to address concerns that the foreclosures were not properly documented. Confident that foreclosure documentation issues have been addressed, the bank intends to get back to work on a backlog of more than 16,000 foreclosures now in process. They will, however, be observing a holiday suspension of home sales and evictions between December 12, 2010 and January 7, 2011.

Georgia Foreclosure Lawyers

After weathering more than 107 years of history and an assault by a damaging tornado, an Atlanta church is struggling to avoid foreclosure on their property.

The Mt. Gilead Baptist Church first met in 1903 in a three room house on Davis Street, now Northside Drive in Atlanta, Georgia. CNN reporter Stephanie Elam tells their story in her report Donations down, churches face foreclosure.

Foreclosure

Under increasing pressure from government-run mortgage firm, Freddie Mac, Bank of America has imposed a nationwide moratorium on foreclosures and sales of foreclosed homes.

At issue is the foreclosure documentation process which may be inadequate. Because bank employees may sign hundreds of foreclosure documents a day, there is a risk that foreclosures may be processed without adequate review, possibly leading to improperly documented foreclosures. Improper foreclosures may unfairly threaten homeowners and creates risk for mortgage owners and the banks that service them.

Alabama Foreclosure Lawyers

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