Monday, September 20, 2010

Political Economy - Ally's GMAC mortgage unit temporarily halts evictions in 23 states

MY NOTE: sound familiar???? the suspension reasoning - OH YEA!

Political Economy - Ally's GMAC mortgage unit temporarily halts evictions in 23 states:




Ally's suspension may be due to several cases in Maine being pursued by a group of pro bono attorneys. While investigating complaints by homeowners about unjust foreclosures, the group discovered that the filings were all signed off by one GMAC employee, the "team leader for document execution."
In his deposition, this employee -- who signed documents for foreclosures across the country -- stated that when he signs them, he does not know what information the file contains other than the borrower's name, that he does not inspect the exhibits he's supposed to, and that the notary who supposedly witnessed his signing was not in the room. r


Here's the full list of states that are affected: (from article referenced above)
"Connecticut
Florida
Hawaii
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Nebraska
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Pennsylvania
South Carolina
South Dakota
Vermont
Wisconsin"

read fulll article by clicking title link above. stay tuned for more news as more is coming down the newspipe! 

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