JPMorgan halts 50K foreclosures for possible flaws - Yahoo! Finance

Our STATE still doesn't get it ...

Is foreclosure fraud covering up somthing else?

JPMorgan halts 50K foreclosures for possible flaws - Yahoo! Finance: "NEW YORK (AP) -- JPMorgan Chase has temporarily stopped foreclosing on more than 50,000 homes so it can review documents that might contain errors.

JPMorgan's move Wednesday makes it the second major company to take such action this month, underscoring a growing legal problem. The issue could stall an already overloaded foreclosure process.

Still, analysts don't expect the delays to reduce the number of foreclosures over the long run.

'It will probably slow things down for a couple months while these documents are reviewed,' said Rick Sharga, a senior vice president at foreclosure listing service RealtyTrac Inc. 'It won't stop things.'"

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