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Real Estate & Property Law

: The Home Equity Theft Reporter

Concerns Over Lenders' Use Of "Affidavit Slaves" In Foreclosure Actions Now Threaten To Jam Up Resales Of Bank-Owned REOs

By r morris

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In Palm Beach County, Florida, The Palm Beach Post reports:The revelation [...] that tens of thousands of Ally Financial Inc.'s GMAC foreclosures may have flawed court documents not only has implications for some of the nation's largest mortgage companies, it could strangle the resales of bank-owned homes. Attorneys are warning that title insurance companies may reject foreclosed properties for

Full post as published by The Home Equity Theft Reporter on September 26, 2010 (boomark / email).

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