PNC Owns Empty House, Buyer Sits in Motel Amid Foreclosure

PNC Owns Empty House, Buyer Sits in Motel Amid Foreclosure

Matthew Staver/Bloomberg

After Bank of America Corp. and other lenders delayed seizures almost two months ago to check their sworn court statements in thousands of foreclosures, a growing number of would-be buyers are struggling to close deals -- a sign that the documentation mess is dragging on the market.