Big banks delay home foreclosures in New York: What does this mean for New York homeowners?
In case you haven’t seen the news, several major banks–Bank of America, JP Morgan and GMAC–have declared a moratorium on foreclosures in 23 states, including New York. Why? Because they’ve been so sloppy in processing foreclosures that they face a wave of class action lawsuits and actions by state attorney generals. Specifically, a Bank of …
