Bank of America to halt foreclosures

Word came in today that Bank of America will halt foreclosures in all 50 states as it assesses it’s foreclosure practices. This could mean we will see a big increase in the inventory of  “Short Sales” that will be coming on the market, as Sellers will be given more time to save their credit from the “black mark” of foreclosure.  Now is a great time to buy! Here is the link to the article in Reuters.