So How Many People Are Going To Lose There Homes? This is what happens to people who trust the untrusted!!!

Did you heard the bad news Bank of America delays forclosures in 23 states because of documnet problems. They examine whether it rushed the foreclosure process for thousands of homeowners without reading the documents.The nation's largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases without verifying the information in them. In your mind you would want to know why didn't they verify the information to see if the documents were false statements. Bank of America states that their not sure how many homeowners will be affected by the delay, but they hope to resubmit correct documents within several weeks. However, two other companies, Ally Financial Inc.'s GMAC Mortgage unit and JPMorgan Chase, have halted tens of thousands of foreclosure cases after similar problems became public.The document problems could cause thousands of homeowners to contest foreclosures that are in the works or have been completed. If the problems turn up at other lenders, a foreclosure crisis that's already likely to drag on for several more years could persist even longer. The worst part about this horriable situation is that most homeowners facing foreclosure are still likely to lose their homes. Who can you blam for this situataion? Bank of America or the Mortgage units.