Former GMAC servicer Ally cleans up foreclosure process, citing defects

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Ally Financial/GMAC Mortgage fraud exposes thousands of foreclosures to scrutiny. If you’re in the midst of the foreclosure process and Ally Financial/GMAC. Ally Financial services loans and.

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.

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Homeowner Faces Foreclosure on PAID OFF House GMAC to Become Ally by August | News | – GMAC to Become Ally by August. payment calculation process and enhance its customer service along with the rebranding.. to consumers in the U.S. GMAC’s name change in North America was.

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.

Understanding the national mortgage settlement 3 2013 National Consumer Law Center Servicers’ responsibilities related to the foreclosure and loss mitigation process are outlined in detail. Ally (formerly GMAC) filed for bankruptcy last year and its servicing assets were sold to Ocwen and Green Tree.

GMAC's errors leave foreclosures in question – News. – GMAC, which is based in Detroit and is now a subsidiary of Ally Financial, first put the spotlight on its procedures when it told real estate agents and brokers last week that it was immediately.

Most pertinent to this discourse is that disputes regarding the validity of the foreclosure process often arise in the context of a bankruptcy proceeding, particularly where MERS is the party seeking relief from the automatic stay, and there is a challenge on the basis of "standing." II. Defects in the Foreclosure Process

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