JPMorgan Chase is suspending more than 50,000 foreclosures as it reviews the legitimacy of legal documents in those cases, the bank said Wednesday.
growing legal problem. The issue could stall an already overloaded foreclosure process and may mean some homeowners lost their homes illegally.
Analysts don't expect the delays to reduce the number of foreclosures in the long run.
CLICK ON THE FOLLOWING FOR MORE DETAILS: JPMorgan suspends certain foreclosures - Yahoo! Finance
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