Tuesday, September 28, 2010

The Day - Blumenthal asks for foreclosure freeze because of 'robo-signings' | News from southeastern Connecticut

The Day - Blumenthal asks for foreclosure freeze because of 'robo-signings' | News from southeastern Connecticut: "Blumenthal, following California's lead, demanded that the company, formerly GMAC Mortgage, freeze its foreclosure actions in the state, saying the company has been filing defective documents in Connecticut. Foreclosure documents have not been notarized, as required by law, and the use of only one employee to sign affidavits related to the foreclosures has made it impossible to verify the accuracy of the paperwork, Blumenthal said.

'The GMAC/Ally foreclosure steamroller should be stopped so the company can be held accountable,' Blumenthal, who is running for the U.S. Senate, said in a statement. 'The bank's apparent failure to follow basic legal procedure - a potential fraud on the court - is appalling and unacceptable.'

Up to 22 other states have questioned Ally Financial's practices as well, but the company has denied that it has instituted any sort of moratorium on residential mortgages in those states."

NOTE: TOO BAD MORE JUDGE DON'T GET WITH THE PROGRAM..... YOU'D THINK THEY'D WANT TRUTH

1 comment:

kevinjones8110 said...

Sadly the companies will keep denying the facts and figures. All they want is borrowers to suffer and face foreclosures; then go for a foreclosure freeze

NEWS HEADLINES

Followers