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Melissa Walters

ALHS, TAHS
The MW Realty Group

Real Estate Mistakes to Avoid

Avoid Costly Real Estate Mistakes! Check out www.MakeNoMistakes.com

As an Investor, Real Estate Broker and author of Make No Mistakes About Buying Real Estate, I've seen COSTLY MISTAKES made by buyers and sellers, alike. Over the years, I've developed a system designed to ensure that my clients Make No Mistakes™.

Bank of America delays foreclosures in 23 states and they are....


October 2nd, 2010


Recent article on Bank of America discusses how Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents. Its been difficult to find a list of the states.  I am particularly concerned if Texas made the list.  From what I can gather the states below require judicial foreclosure, which means Bank of America would have have to sue the homeowner in court to initiate a foreclosure. Texas is not one of those states. In Texas, the foreclosure process is accomplished by simply sending a couple of default notices to the borrower, then scheduling a foreclosure auction. 
The 23 states affected are:

Connecticut
Delaware
Florida
Hawaii 
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Nebraska
New Jersey
New Mexico
New York
North Dakota
Ohio
Oklahoma
Pennsylvania
South Carolina
South Dakota
Vermont
Wisconsin

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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
The MW Realty Group
5773 Woodway #137, Houston, TX 77057   Get Directions
Phone: (281) 679-1074
Fax: (281) 715-2170