I "heard" the same story about Chase, however, the second half of the Chase story
is sure, they have stopped foreclosures because they sold off the mortgages to 
allow someone else to do the foreclosing. Makes them look pretty good too, huh.

I know of a few Chase mortgage holders that were on their way to foreclosure when
they got the notice their mortgage had been sold.

Ginny
May your year be prosperous.



 
> Date: Fri, 8 Oct 2010 11:15:22 -0700
> From: [log in to unmask]
> Subject: Bank of America Announces Today They Are Halting All Foreclosures
> To: [log in to unmask]
> 
> Did anyone else see this today? This is only speculation, but I always wondered how well all the mortgage documents were organized for all the years the sub-prime mortgage crisis was building. Foreclosures surely require complete documentation and while I'm sure some lenders/services have outstanding records systems, something tells me there are lots of documents which are not in good order from the sub-prime crisis. 
> 
> Interestingly, when I checked the story, Bank of America's stock was up in response!
> 
> Anyone else have thoughts or insights on this?
> 
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