Tag: gmac mortgage

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NY Attorney General Calls For Suspension of Foreclosures

The following article is from NY Attorney General Cuomo’s website. It calls for suspension of foreclosures by mortgage servicers engaged in “robo-signing” and offers sound advice to New York homeowners who are facing foreclosure proceedings. ATTORNEY GENERAL CUOMO EXPANDS PROBE OF NEW YORK FORECLOSURE ACTIONS Demands information from Bank of America, JP Morgan Chase, Wells […]


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News: BOA Halting Foreclosure Sales In All 50 States

The Wall Street Journal reports that Bank of America (BOA) is placing a moratorium on all “foreclosure sales” across the U.S. (see below). However, BOA hasn’t halted all foreclosure proceedings (see our earlier post Major Banks Halting Foreclosures in NY?). Additionally, it appears that a BOA spokesperson is implying that BOA’s completed foreclosures were proper. […]


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News: GMAC Halting Home Foreclosures

While we are not yet sure if GMAC is actually stopping its pending foreclosure actions in NY, although we hope that they are, the following is from a recent Bloomberg.com article  entitled “Ally’s GMAC Mortgage Halts Home Foreclosures in 23 States:” Ally Financial Inc.’s GMAC Mortgage unit told brokers and agents to halt foreclosures on […]


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