JPMorgan Chase & Co. will delay foreclosing on some properties in order to review affidavits that were signed by employees who didn’t verify related files, making the company at least the second bank in recent weeks to suspend …
The problem of faulty foreclosure documents isn’t limited to GMAC: A JPMorgan Chase employee has testified that she was one of eight managers who combined to sign some 18,000 documents a month without the personal knowledge of …
Court affidavits by Ally Bank subsidiary GMAC Mortgage were signed by people who didn’t personally know if the information in the affidavits were true, and at times, didn’t get the affidavits notarized.
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GMAC Mortgage told its agents and brokers to stop foreclosures on homes in 23 states, including Florida, Illinois, Indiana and Ohio.
Continue reading GMAC Mortgage Stops Foreclosures in 23 States
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