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Real Estate & Property Law

: The Home Equity Theft Reporter

Use Of Robo-Signers In Foreclosure Actions Not New For GMAC/Ally; Earlier Case Required Servicer To Cough Up $8K In Fees To Homeowner's Attorney

By r morris

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Bloomberg News reports:Ally Financial Inc.?s GMAC Mortgage unit, which suspended evictions in 23 states last week after finding employees didn?t verify foreclosure documents, was sanctioned in 2006 for similar practices, court records show.GMAC gave ?false testimony? when it justified foreclosures by submitting sworn affidavits signed by a mortgage executive who later said in a deposition she

Full post as published by The Home Equity Theft Reporter on September 23, 2010 (boomark / email).

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