# Bank America and JP Morgan "extend (now suspend) and pretend" **URL:** \ **Category:** Foreclosure Investing\ **Created:** [October 2, 2010, 5:16pm UTC](https://community.propertyradar.com/t/bank-america-and-jp-morgan-extend-now-suspend-and-pretend/744 "2010-10-02T17:16:18Z")\ **Posts on this page:** 6\ **Page:** 1
**Author:** ![idannyb](https://avatars.discourse-cdn.com/v4/letter/i/96bed5/32.png) [@idannyb](https://community.propertyradar.com/u/idannyb)\ **Post date:** [October 2, 2010, 5:16pm UTC](https://community.propertyradar.com/t/bank-america-and-jp-morgan-extend-now-suspend-and-pretend/744/1 "2010-10-02T17:16:18Z")
Curious to get your take on Friday’s (10/1) announcement by Bank America that they will be joining JP Morgan Chase and Ally Financial in their “temporary” suspension of foreclosure proceedings in 23 states (wherein foreclosures are handled by courts). Their stated reason was apparent sloppy work on processing of foreclosures. The press is highlighting “robo-signers” … middle managers who signed-off on but never looked at docs & affidavits and related foreclosures. Seems to me that lenders’ mortgage-servicing units as a group are woefully understaffed, under-trained and poorly supervised. It’s probably fantasy to hope that the “keystone cops” foreclosure processors will ever get their act together. A simple thing like posting an opening bid 24 hours in advance of the steps sale would go a long way towards advancing sales to 3rd party investors. ---
**Author:** ![idannyb](https://avatars.discourse-cdn.com/v4/letter/i/96bed5/32.png) [@idannyb](https://community.propertyradar.com/u/idannyb)\ **Post date:** [October 2, 2010, 4:42pm UTC](https://community.propertyradar.com/t/bank-america-and-jp-morgan-extend-now-suspend-and-pretend/744/2 "2010-10-02T16:42:32Z")
Following is a table of the affected states: Connecticut Florida Hawaii Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Nebraska New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Pennsylvania South Carolina South Dakota Vermont Wisconsin ---
**Author:** ![Sean](https://avatars.discourse-cdn.com/v4/letter/s/f0a364/32.png) [@Sean](https://community.propertyradar.com/u/Sean)\ **Post date:** [October 3, 2010, 4:02pm UTC](https://community.propertyradar.com/t/bank-america-and-jp-morgan-extend-now-suspend-and-pretend/744/3 "2010-10-03T16:02:57Z")
You’ll find my take here: [http://www.foreclosuretruth.com/blog/sean/free-homes-unlikely-more-foreclosure-delays-absolutely/](http://www.foreclosuretruth.com/blog/sean/free-homes-unlikely-more-foreclosure-delays-absolutely/). Definitely read the comments too. The Old Republic bulletin is troubling. ---
**Author:** ![idannyb](https://avatars.discourse-cdn.com/v4/letter/i/96bed5/32.png) [@idannyb](https://community.propertyradar.com/u/idannyb)\ **Post date:** [October 8, 2010, 4:26pm UTC](https://community.propertyradar.com/t/bank-america-and-jp-morgan-extend-now-suspend-and-pretend/744/4 "2010-10-08T16:26:46Z")
Thanks for the link and info … looks like Bank of America has now expanded their “temporary suspension” of foreclosures to all 50 states. Several of my targeted properties have Recontrust as the current trustee of record but show a different lender (not BoA). Does Recontrust represent BoA exclusively? Or do they handle other lenders too? ---
**Author:** ![Michelle2](https://avatars.discourse-cdn.com/v4/letter/m/cab0a1/32.png) [@Michelle2](https://community.propertyradar.com/u/Michelle2)\ **Post date:** [October 11, 2010, 6:00pm UTC](https://community.propertyradar.com/t/bank-america-and-jp-morgan-extend-now-suspend-and-pretend/744/5 "2010-10-11T18:00:20Z")
Hi Danny, ReconTrust is a member of the Bank of America family of companies. Unless BofA is a servicer of a loan from another investor ( e.g. Suntrust, Fannie, Freddie) they only appear to represent B of A and BAC foreclosures. Although we know that this is now affecting all 50 states we do not believe that this will have a long term affect on the non-judicial foreclosure states and we will continue to see a trickle of properties go to sale as they review the documents. ---
**Author:** ![Sean](https://avatars.discourse-cdn.com/v4/letter/s/f0a364/32.png) [@Sean](https://community.propertyradar.com/u/Sean)\ **Post date:** [October 11, 2010, 11:42pm UTC](https://community.propertyradar.com/t/bank-america-and-jp-morgan-extend-now-suspend-and-pretend/744/6 "2010-10-11T23:42:55Z")
Which may include Countrywide.