This will start to become a trend among the banks.
Bank of America freezes foreclosure sales nationwide
The way I see it, is if you are underwater or your mortgage payment, stop paying as now the process is going to take longer. This is 1-2 years of "free money" since there are no short term consequences of not paying your mortgage. As for the banks, they do not want to face the losses. All in all, just an ugly situation.
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