|Published:||Oct 18, 2010 11:06 PM EDT|
|Updated:||Oct 18, 2010 8:06 PM EDT|
LEE COUNTY, Fla. - Bank of America said Monday it will restart the foreclosure process in 23 states where a judge's signature is required for approval.
Bank of America said as many as 102,000 foreclosures would proceed in the coming days. The announcement came just two weeks after the bank agreed to a nationwide halt on foreclosures because employees were blindly signing documents.
Many homeowners, concerned they were wrongly evicted, now wonder if they can get their homes back.
The answer is complicated. Experts say it's possible, but very difficult to get the Title back on a foreclosed home. The reason, they say, is because it can be tough for a judge for a judge to fully unwind a foreclosure.
However, if it did happen, homeowners might be better off taking a cash settlement. Experts say it could be the best option for those in debt, and avoid the eviction of a home's new owners.