The speed of U.S. home foreclosures may not slow a large amount after all. Bank of America said Monday that it plans to begin again seizing more than 100,000 homes in 23 states next week.
It said it has a legal right to foreclose notwithstanding accusation that documents used in the method were flawed. It's not yet clear if other chief leaders will follow suit and resume foreclosures in the states that require a judge's support.
But the move by the nation's major bank could give way to an industry-wide effort to push ahead with a wave of foreclosures that have miserable the housing market.