BofA plans to resume foreclosures in 23 states

WASHINGTON – The pace of U.S. home foreclosures may not slow much after all.

Bank of America said Monday that it plans to resume seizing more than 100,000 homes in 23 states next week. It said it has a legal right to foreclose despite accusations that documents used in the process were flawed.

The move by the nation’s biggest bank could give way to an industrywide effort to push ahead with a wave of foreclosures that have depressed the housing market.

Bank of America Corp. says it’s confident of its foreclosure decisions in a majority of its questionable cases. The bank is still delaying foreclosures in the 27 other states, which don’t require a judge’s approval.

The company said it plans to resubmit documents with new signatures in the 23 states that require a judge’s approval to restart the foreclosure process. Washington and Idaho are not among those states.