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Real Estate & Property Law

: The Home Equity Theft Reporter

GMAC's Use Of "Affidavit Slave" May Affect Hundreds Of F'closing Lenders Using Firm To Service Mortgages, Opening Door For Challenges Across Country

By r morris

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The Washington Post reports:Some of the nation's largest mortgage companies used a single document processor who said he signed off on foreclosures without having read the paperwork - an admission that may open the door for homeowners across the country to challenge foreclosure proceedings.The legal predicament compelled Ally Financial, the nation's fourth-largest home lender, to halt evictions

Full post as published by The Home Equity Theft Reporter on September 22, 2010 (boomark / email).

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