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BofA halts foreclosures in 50 states - Yahoo! News
I think the "produce the note" method of stalling on foreclosures might be one of the factors here. Lenders had sold loans so many times that when people were foreclosed on, their attorneys asked the banks to prove the loans.
The lenders were not immediately able to do so. As I understand it, those files all went in a pile to be dealt with later.
I'm only guessing on this connection to the current headline.
Crumble away old debt system
I think the "produce the note" method of stalling on foreclosures might be one of the factors here. Lenders had sold loans so many times that when people were foreclosed on, their attorneys asked the banks to prove the loans.
The lenders were not immediately able to do so. As I understand it, those files all went in a pile to be dealt with later.
I'm only guessing on this connection to the current headline.
Crumble away old debt system
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