BREAKING NEWS: Bank Of America Halts Foreclosures: All 50 States


Either Bank of America took Attorney General Cooper’s ultimatum to heart or they got a copy of Alan Grayson’s letter. 

BofA Halts All Foreclosure Sales

The decision by Bank of America to extend its postponement to all 50 states takes effect Saturday. The bank doesn’t intend to lift the moratorium on foreclosure sales until its assessment is complete, a spokesman said. The bank hasn’t halted all foreclosure proceedings, however. If a borrower is delinquent, the bank is still issuing notices of default and pursuing efforts to modify certain mortgages, the spokesman said.

On Thursday, Rep. Edolphus Towns (D., N.Y.), chairman of the House oversight committee, became the latest lawmaker to call for a nationwide moratorium on foreclosures.

And all of those lawmakers happen to be Democrats.  The GOP continues to snatch defeat from the jaws of victory.  Guess they should stop counting all those prospective new seats in the House and Senate.  Did the GOP not get the memo where the Tea Parties and the majority of regular old Americans would like to STOP THE LOOTING AND START PROSECUTING?!