October 12, 2010

  • A d v e r t i s e m e n t
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Some US banks have already imposed their own moratorium on foreclosures while they investigate possible legal flaws in the eviction process.

Amid claims that shoddy paperwork led to wrongful repossessions, calls have grown for a nationwide moratorium.

But a White House spokesman said this could have “unintended consequences”.

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Last week, Bank of America said it would extend its ban on sales of repossessed homes from 23 US states to all 50.

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