Update: Foreclosure Probe

By: Associated Press
By: Associated Press

WASHINGTON (AP) - Bank of America Corp. is scheduled to meet Thursday with state officials investigating allegations the bank rushed the foreclosure process without properly reviewing documents.

A person briefed on the matter confirms the parties will meet. The person did not give details about the meeting or who will participate. The person who spoke on condition of anonymity was not authorized to speak.

A spokesman for the Charlotte N.C.-based lender could not be reached for comment. Bank of America resumed foreclosures this week after halting them temporarily to review and fix flawed documents.

Attorneys general in all 50 are jointly investigating whether paperwork and legal procedures were handled properly in hundreds of thousands of cases.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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