Info, commentary and musings from Tavia Thomas, REALTOR/Broker about life, events, property, real estate in

the Western North Carolina Smoky Mountains, Waynesville, Maggie Valley, Lake Junaluska, Canton, Clyde and Haywood County.


Tuesday, October 12, 2010

Banks are freezing foreclosures. What does that mean? - Oct. 8, 2010

NEW YORK (CNNMoney.com) -- Halted foreclosures? Robo-signers? Shoddy paperwork?

The foreclosure crisis has entered a new phase, with at least three major banks halting foreclosure proceedings and sales in nearly two dozen states. One just expanded the ban on foreclosure sales across the nation. The developments, however, have left homeowners with many questions. CNNMoney.com tries to cut through the confusion.

Why are major banks halting foreclosures? (read on...) 

First Published: October 8, 2010: 3:12 PM ET
foreclosure_auction.gi.top.jpg
A woman takes notes on a pamphlet listing foreclosed homes being auctioned off in Miami on August 14, 2010.   
By Tami Luhby, senior writer
 October 8, 2010: 6:49 PM ET

 

Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!

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