Bank of America (NYSE:BAC) Appeals Foreclosure Ruling in Nevada

The recent ruling by a judge in Nevada which blocked 8,900 foreclosures Bank of America (NYSE:BAC) was processing, is being challenged by the giant bank through an appeal.

Nye County District Court Judge Robert Lane issued a temporary restraining order against ReconTrust, a Bank of America subsidiary, in regard to the foreclosures.

Bank of America said in a motion, "The order has created enormous upheaval and confusion in the foreclosure process across Nevada and immediate review is required."

The restraining order, if it remains in place, will be effective until a hearing on February 28.

Bank of America was trading at $13.77, gaining $0.17, or 1.29 percent, as of 1:16 PM EST.