GMAC Halts All Foreclosures In 23 States On Heels Of Florida Judge Finding JPM Committed Court Fraud In Mortgage Misappropriation

GMAC Halts All Foreclosures In 23 States On Heels Of Florida Judge finding jpm committed Court Fraud In Mortgage Misappropriation. by Tyler Durden. Mon, 09/20/2010 – 09:39. 0. SHARES.

As we pointed out last week, a certain judge in Florida set quite a precedent when he found that JPM, as servicer for a Fannie mortgage, had committed court fraud by foreclosing while not in possession of the actual mortgage.We then concluded that "The implications for the REO and foreclosures track for banks could be dire as a result of this ruling, as this could severely impact the ongoing.

Full Deposition of Jeffrey Stephan – GMAC’s Assignment / Affidavit Slave – 10,000 Documents a Month. GMAC Freezing ALL Foreclosures in 23 States to Take Corrective Action Foreclosure Fraud. U.S. Pursues One of the Biggest Mortgage-Fraud Probes Since the Financial Crisis; 000.

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It should be noted that William Daley is a former high-level executive at JP Morgan and had to dump $8 million worth of stock in order to take the position. Source: LA Times The front-runner doesn’t meet residency requirements, a state appeals court says, reversing the elections board.

" Not a week has passed since, and we are already proven right. Today, Bloomberg discloses that GMAC Mortgage, a unit of the affectionately renamed Ally Bank, has halted all foreclosures in 23 states, including Florida, Connecticut and New York.

GMAC Halts All Foreclosures In 23 States On Heels Of Florida Judge Finding JPM Committed Court Fraud In Mortgage Misappropriation | zero hedge Submitted by Tyler Durden on 09/20/2010 08:39 -0500 ally Bank

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Hi, I was in a foreclosure with GMAC in 2008, in 2012 my defenses were not valid and I filed a federal law suit against GMAC. Later in 2012 GMAC declared bankruptcy in NYC and it stayed my federal lawsuit. Further into 2012 the superior court dismissed my foreclosure.