Bank Of America To Stop Home Foreclosures

View Comments
ATM, Bank of America

Bank of America (credit: AP Photo/J. Scott Applewhite)


From our newsroom to your inbox weekday mornings at 9AM.
Sign Up

NEW YORK (CBS 2) — Bank of America said it will stop seizing homes in all 50 states, after taking action that could negatively impact the real estate industry.

Bank of America and other financial institutions were reviewing paperwork after rushing the foreclosure process without reading or verifying information.

The move could affect nearly a million homeowners.

View Comments