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Big Banks to Resume Foreclosures

October 18, 2010

Bank of America and GMAC have reviewed over 100,000 foreclosure auctions in 23 states and have determined that there were no significant problems with the procedures.  This is a big step in debunking the speculation that the foreclosure process is severly flawed.  However, state’s attorneys in many states are pushing for the foreclosure moratorium, not convinced that the process is working like it should.

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