Home Foreclosures Haulted in 23 States

Several banks have halted foreclosures on homes in 23 states this week as the foreclosure process in being investigaged for its accuracy and thoroughness. Bank of America, JPMorgan, and Ally Financial have decided to place a hold on all foreclosures currently in review to ensure that they are not being "robo-signed".

This term was coined as the banks confirmed that some "employees had signed off on foreclosure affidavits without verifying that the legal documents were accurate, in a process that has become known as "robo-signing".

At this point, the banks will verify that all legal documents are legit and correct any errors in the process.

Janus Real Estate Group    *    Heather Anderson     *    972-765-3773