WASHINGTON, DC – October 11, 2010 – (RealEstateRama) — U.S. Senator Debbie Stabenow (D-MI) today made the following statement about the ongoing foreclosure crisis and Bank of America’s announcement:
“Families living in neighborhoods across Michigan continue to suffer from the economic downturn, declining home values and foreclosures. That’s why I welcome today’s announcement that Bank of America has suspended foreclosures in every state. I am concerned that too many Michigan families are losing their homes as a result of faulty paperwork and I hope that this motivates all institutions to reevaluate their processes and make sure homeowner’s are being treated fairly.
More info...
