10/11/2010

Buyers' anxiety about questionable property titles, as a foreclosure freeze expands across the U.S., could further depress a housing market that is already in big trouble, experts said. A lack of confidence in the legality of the process used by lenders to repossess homes will have a major impact because the market is already flooded with foreclosed properties, they said. The nation's largest lender, Bank of America, has extended its moratorium on foreclosures to all 50 states.

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