Former GMAC servicer Ally cleans up foreclosure process, citing defects

GMAC Mortgage Statement on Independent Review and Foreclosure. – MINNEAPOLIS, Oct. 12, 2010 — GMAC Mortgage is committed to preserving the integrity of the foreclosure process and in that spirit has engaged several leading legal and accounting firms to conduct independent reviews of its foreclosure procedures in each of the 50 states.. In addition, foreclosure sale files nationwide receive an additional review by a specialized team to ensure that: home.

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Secrets to Foreclosure Auctions and Tax Deed Sales 2010 United States foreclosure crisis – Wikipedia – On September 21, 2010, HousingWire ran an article citing defects in affidavits used in some foreclosure cases at Ally Financial, formerly known as GMAC Mortgage. "This situation with GMAC isn’t limited to GMAC," Margery Golant, of Golant & Golant, a foreclosure law firm in Boca Raton, Fla. , said in an interview with HousingWire reporter Jon Prior.

GMAC Mortg., LLC v. Lee | Ohio Ct. App. | Judgment | Law. – The trial court obtained personal jurisdiction over Lee as a result of personal service of process, and the trial court undisputedly possessed subject matter jurisdiction to determine GMAC’s foreclosure action. Thus, the default judgment is not void for lack of jurisdiction.

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GMAC Adds $230M to 'Independent Foreclosure Review' Payouts. – GMAC now becomes the 14th major mortgage servicer under the agreement that ended costly but mostly fruitless foreclosure reviews in favor of $3.8 billion in payouts to about 4.4 million borrowers. Ranging from $300 to $125,000, the payouts are suppose to compensate victims for botched mortgage modifications, erroneous documentation or wrongful.

DOJ demands deal BofA, Countrywide – Homeloansmckinneytx – Former GMAC servicer Ally cleans up foreclosure process, citing defects Various accounts have described how one officer of GMAC Mortgage’s servicing unit has admitted during testimony that, while he signs thousands of affidavits each month in order to affect steps in the foreclosure process, he does not have personal knowledge of certain critical facts in the affidavit which he asserts to be true.

Ally Financial/GMAC Mortgage fraud exposes thousands of. – Ally Financial/GMAC Mortgage fraud exposes thousands of foreclosures to scrutiny. In fact, this practice was so widespread that Ally Financial has halted all foreclosures, foreclosed owner evictions and resales of foreclosed homes in 23 states, until it can sort this all out. If you’re in the midst of the foreclosure process.

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GMAC unfair businesslawsuit – Big Class Action – Homeowners whose mortgage loans were originated by GMAC Mortgage or whose mortgagees were assigned to GMAC Mortgage for servicing are complaining that this company failed to timely post payments, unfairly forced placed insurance, charged fees to which it is not entitled and otherwise failed to service these loans properly.