Bank of America resuming foreclosures, so does GMAC

The foreclosure hold that was supposed to last for a year and half ended much quicker for Bank of America when they announced Tuesday that they were going to reopen more than 100,000 foreclosure properties in 23 states, claiming that there have not been significant problems found in the preliminary investigations of its files.  GMAC followed suit but would not disclosure the number of foreclosures that it was going to re-open.  Colorado is not one of the states where they are resuming the foreclosure process, so for now Eagle county is still part of the Bank of America halted foreclosure process.