The below is from the very helpful website www.DSNEWS.com (Default Servicing News)
Regarding BOFA foreclosures
“We anticipate that by Monday, Oct. 25, the first foreclosure affidavits will be resubmitted to the courts,” he said.
He continued, “Upon judgment, foreclosure dates will be set and Bank of America will resume foreclosure sales in such proceedings in the 23 judicial states.”
Of the other states, Frahm said, “We will continue to delay foreclosure sales in the remaining 27 states until our review is complete on a state by state basis.”
…And yes, Florida is a “judicial” state.
Full article below:
Also Wells Fargo speaks out on foreclosure moratorium:
“We are confirming that Wells Fargo has no plans to initiate a foreclosure moratorium,” a company spokesperson said in a statement issued to DSNews.com. “Our affidavit procedures and daily auditing demonstrate that our foreclosure affidavits are accurate. As always, as a standard business practice, we continually review and reinforce our policies and procedures. This includes conducting additional reviews before loans go to foreclosure sale. If we find an error or if an improvement is needed, we take action. We are satisfied that our foreclosure affidavit process is sound.”
Full article:
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