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Loan Modification
: Mortgage Lender Implode-o-MeterBank of America and GMAC Resume Foreclosure Seizures
By Implode-Explode Heavy Industries
" Ignoring allegations of fraud, Bank of America and GMAC have restarted seizing homes after completing what they claim are legal foreclosure applications.
In a prepared statement, the two lenders said they reopened more than 100,000 foreclosure actions. They said they found no major problems in their procedures for seizing homes."
Full post as published by Mortgage Lender Implode-o-Meter on October 19, 2010 (boomark / email).
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