Ally Asked to Halt Colorado Evictions as Foreclosure Legality Questioned - Bloomberg

Ally Asked to Halt Colorado Evictions as Foreclosure Legality Questioned - Bloomberg:

"Colorado Foreclosures

GMAC initiated more than 1,000 foreclosure actions in Colorado since January 1, Suthers, the attorney general, said in his letter. In most, if not all of these foreclosures, “local attorneys for GMAC represent in various required documents that GMAC Mortgage LLC is the ‘holder of the evidence of debt’ under Colorado law,” he said.

These lawyers made further representations about the unpaid loan balance, its delinquency and the validity of the note and deed of trust, he said. “While these are not sworn affidavits of the kind at issue in other states, the accuracy of these documents is essential for preserving the integrity of the foreclosure process in Colorado.”"

NOTE: read related posts about California, North Caroliina, Texas, Florida . Waiting for ARIZONA ATTORNEY GENERAL to get with the program.. you can twitter him  http://twitter.com/ArizonaAG

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