Wells Fargo Halts Foreclosure Sales

Rules from the Office of the Comptroller of the Currency last month specified certain standards which must be met before a foreclosed home can be sold. Wells Fargo reduced sales from 298 to 17 for the week beginning May 6 while the standards were reviewed. Chase and Citi also temporarily halted foreclosed sales. Bank of America continued its foreclosed sales confident its procedures met the guidelines. Wells and Citi were still on hold as of Friday May 17.



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