GMAC Stops Foreclosures In Florida
Amidst investigations by state attorney generals into several law firms over alleged falsified foreclosure documents, GMAC is the first but may not be the only lender/servicer to take steps to look deeper into issues concerning illegal foreclosures. The Associated Press has reported that GMAC is going to cease foreclosures and evictions in numerous states amongst allegations and investigations into falsified documents in the foreclosure. Researching further into GMAC decision, it appears GMAC has decided to cease actions in 23 states, including Florida. In addition to ceasing foreclosures and evictions, GMAC is freezing closings on all REO closings.
