American real estate market is facing the new threat of row locking

Bank of America last week broke seized throughout the country include allegations that houses come before based on data that have not been properly verified and crossed too quickly process. JPMorgan Chase and financial Ally suspended entered in 23 States to treat similar allegations.

Suspensions have prompted calls from politicians for a national suspension until the locking process has been fully investigated.This request has led the wrath of those in the market of housing, where sales of houses seized currently account for about a quarter of all sales, according to RealtyTrac .the ' company, which tracks the housing market, said that banks entered the 95,364 houses in the month of August and that it has issued homeowners 338,863 foreclosure filings.

"It would be to impose a moratorium on all system-wide catatastrophic seizures and such actions could damage the market of housing and the economy,"Tim Ryan, Chairman of the securities industry and financial markets Association has said Monday. "Experts say that concerns on property titles of ownership of houses seized are unlikely to the surface until the lender has found a new buyer for the property.

JPMorgan has begun to "systematic review" thousands of deposits for seizures, said that the documents were prepared by appropriƩ.Le Committee staff Senate banks said that it will hold a hearing on seizures after the midterm elections.


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