Despite their promise to cut back on home foreclosures, Bank of America boosted foreclosures by 200% in August!

CNBC reported that other banks will follow suit.  California and Nevada are being hit the hardest.

RealtyTrac confirms the huge jump in foreclosures in August.  One analysts says don’t necessarily blame the home buyer: “This proves once again that ‘credit’ as measured by legal defaults and foreclosures is not necessarily about borrowers missing payments, rather about what the servicers [banks] chose to do about it.”-Mark Hanson, housing analyst