Mortgage Company Halts Foreclosures in 23 States
September 22, 2010
One of the nation’s largest mortgage lenders has ordered the halt of evictions in foreclosure cases in 23 states. Homeowners are being given a reprieve because a former employee of Ally, formerly GMAC, admitted he failed to read or properly notorize foreclosure documents while processing them. It now it appears hundreds of other companies, including mortgage giants Fannie Mae and Freddie Mac, may also be affected because they use Ally to service their loans. Click here to read the full story in the Washington Post.
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