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And you were thinking foreclosures aren’t a money making proposition…

October 19, 2010

And you were thinking foreclosures aren’t a money making proposition…

BofA foreclosuresSo BofA is back in business… back in the foreclosure business that is. After reviewing 102,000 foreclosures in the 23 states where the courts must sign off on the foreclosures, they found NO ERRORS. Isn’t that amazing?

And just in the nick of time. This “good news announcement” from BofA came the day before their third quarter earnings report. And folks, foreclosure is good business, no matter what you may have previously thought. The “good” news sent BofA shares up by 36 cents!

That was a fast review of 102,000 foreclosures, amazingly fast. I am shocked by the accuracy of the 102,000 foreclosure documents they have checked. Now they are checking the remaining 27 states, they should be done with that in a day or two. Bet those are all perfect too!

And you were thinking foreclosures were not a money making proposition… made BofA 36 cents per share!!!

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