Thursday, October 7, 2010

Update on Foreclosure Holds

Since the previous announcment apparently caused a lot of alarm among Texas Realtors, the Texas Associate of Realtors has issued a FAQ. The FAQ basically states that the Texas AG has "asked" in legal terms to have the banks put a hold on the foreclosures...that means the banks aren't forced to comply. I know that BOA has put a halt while Wells Fargo has not.

Read the Letter Below:

http://www.texasrealtors.com/go/marcom/FAQForeclosureMoratorium100610.pdf

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