Archive

More Foreclosure Halts on the Way

Mortgage Crisis

Because flawed paperwork so prevalent.

cheats/2010/10/04/more-foreclosure-halts-on-the-way/foreclosure-rates-trickle-up_ir22u4
Justin Sullivan / Getty Images

GMAC Mortgage, J.P. Morgan Chase, and Bank of America have all recently halted home foreclosures after learning that crucial documents were being mishandled. Apparently, they’re just the beginning: The New York Times says several other companies will probably halt foreclosures soon because flawed practices are so prevalent.

We think “subscriber” would look good on you. Join now to unlock access.

Don't miss this subscriber exclusive article.