Foreclosure News

Updates and breaking news

Presented by:

The Nash Law Firm, PLLC

Ally Financial Voluntarily Stops Foreclosures and Evictions in 23

States!

9/23/10

Ally Financial, formerly known as GMAC mortgage, has stopped foreclosures and evictions in 23 states after it was discovered that the head of their document processing department, signed over 10,000 foreclosure related documents per month without reviewing them for accuracy.

To read the complete article, click here.

More Lender "Mistakes"

Beth Ann Cottrell testified in a deposition that she signed off on thousands of foreclosures for JP Morgan Chase even though she never reviewed the documents.

An employee of Lender Processing Services, Linda Green, signed foreclosure affidavits claiming to be an executive of the foreclosing lender. This was done in foreclosures involving numerous lenders (Bank of America, Wells Fargo, US Bank, etc.) and in many cases her signature was forged by other employees of Lender Processing Services. Not content to pretend to by an executive of the foreclosing lender, at times Lender Processing Services would make up a company name for the mortgagee assignee. Names such as "Bogus Assignee", "Bad Bene".

Nash Law Firm, PLLC

Real estate experience and knowledge that you can trust

www.nash-law.com

2175 Northdale Blvd. NWCoon Rapids, MN 55433

763-862-6100nash@nash-law.com