GMAC Halts All Foreclosures In 23 States On Heels Of Florida Judge finding jpm committed court Fraud In Mortgage Misappropriation | zero hedge More details emerge: "As head of Ally’s foreclosure document processing team, 41-year-old Jeffrey Stephan was required to review cases to make sure the proceedings were legally justified and the.
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Today, Bloomberg discloses that GMAC Mortgage, a unit of the affectionately renamed ally bank, has halted all foreclosures in 23 states, including Florida, Connecticut and New York. Who would have thought that being caught with your pants down, doing something so blatantly illegal as collecting on something you do not own, would actually have adverse consequences.
GMAC Halts All Foreclosures In 23 States On Heels Of Florida Judge Finding JPM Committed Court Fraud In Mortgage Misappropriation Tampa, FL: A class action lawsuit has been filed in the United States District Court for the Middle District of Florida, Huber, et al. v. GMAC, on behalf of tens of thousands of Florida homeowners who have allegedly.
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Ally’s GMAC Mortgage Halts Home Foreclosures in 23 States Source: Bloomberg Ally Financial Inc.’s GMAC Mortgage unit told brokers and agents to halt evictions tied to foreclosures on homeowners in 23 states including Florida, Connecticut and New York.
Recently, four large mortgage lenders, PNC Financial Services Group, Bank of America, J P Morgan Chase, and Ally (formerly GMAC) suspended the processing of real estate foreclosures in 23 judicial foreclosure states due to concerns that they were not being processed according to state laws.
Chase Follows GMAC, Freezes Foreclosures. JP Morgan Chase announced a freeze on mortgage foreclosures in 23 states-including florida-just a few days after GMAC did the same.Chase took this unusual action because it could not tell whether it had submitted false affidavits or had committed perjury before the foreclosure courts of those states.
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