BREAKING!!! GMAC Freezing Foreclosures in 23 States to Take Corrective Action


I wonder if this has anything to do with…

LINK – Foreclosure Fraud – Titles Used by Jeffrey Stephan of GMAC


What, WHAT!!! RE: Jeffrey Stephan of GMAC – Florida Default Law Group Admits to Violation of Professional Conduct Code


LINK – Highlights From a Deposition of Jeffrey Stephan GMAC by Lynn Szymoniak


LINK – Full Deposition of Jeffrey Stephan – GMAC’s Assignment / Affidavit Slave – 10,000 Documents a Month


GMAC Mortgage may “need to take corrective action in connection with some foreclosures” in the affected states, according to a two-page memo dated Sept. 17 and obtained by Bloomberg News. Ally Financial spokesman James Olecki confirmed the contents of the memo. Brokers were told to stop evictions, cash-for-key transactions and lockouts, regardless of occupant type, with immediate effect, according to the document, addressed to GMAC preferred agents.

The company will also suspend sales of properties on which it has already foreclosed. The letter tells brokers to notify buyers that the company will extend the closing date on all sales by 30 days. Buyers will be able to cancel their agreement to purchase and get their deposit back, according to the letter.

For more go here…


New Jersey
New Mexico
New York
North Carolina
North Dakota
South Carolina
South Dakota

More to come as I research this further…



GMAC’s URGENT Letter to Preferred Agents RE Corrective Action in Connection With Foreclosures


FDLG Admits to Violation of Professional Conduct Code Jeffrey Stephan Affidavits GMAC

Stephan Affidavit as to Amounts Due and Owing


Jeffrey Stephan,  who actually works for GMAC Mortgage Corp. in Montgomery County, PA, signs thousands of Mortgage Assignments each month as an officer of other banks and mortgage companies in order to transfer mortgages TO GMAC.

In Florida, the law firms that regularly present documents signed by Jeffrey Stephans as “proof” that GMAC has standing to foreclose include The Law Offices of Marshall Watson, The Law Offices of David Stern and Florida Default Law Group.

Stephan has admitted in depositions that he has no personal knowledge of the facts of documents he signs, does not verify the facts, and often does not sign in front of a notary (though the documents are eventually notarized).

Some of Jeffrey’s Work

Courtesy of Foreclosure Hamlet

  1. Marshall Watson: Verification MW Jeffrey Stephan US Bank LSO.JPG
  2. Florida Default Law Group: Affidavits of Missing Assignments of Mortgage FDLG Lost Asg of Mtg.pdf
  3. Marshall Watson Assignment of Mortgage MW AOM.pdf
  4. FDLG AOM8.pdf
  5. FDLG AOM9.pdf
  6. FDLG AOM10.pdf
  7. FDLG Lost Asg of Mtg.pdf
  8. FDLG AOM.pdf
  9. FDLG prepared at Firm Solution Panama AOM3.pdf
  10. FDLG prepared at Firm Solution Panama AOM3.pdf
  11. FDLG prepared at Firm Solution Panama AOM4.pdf
  12. FDLG prepared at Firm Solution Panama AOM5.pdf
  13. FDLG prepared at Firm Solution Panama AOM6.pdf
  14. FDLG prepared at Firm Solution Panama AOM7.pdf
  15. FDLG Stephan1.pdf
  16. FDLG Dade1.pdf
  17. FDLG Dade2.pdf
  18. FDLG Dade3.pdf
  19. FDLG Dade4.pdf
  20. FDLG Dade5.pdf
  21. FDLG Dade6.pdf
  22. FDLG Dade7.pdf
  23. FDLG Dade8.pdf
  24. FDLG Dade9.pdf
  25. FDLG Dade10.pdf
  26. FDLG Dade11.pdf
  27. FDLG Dade12.pdf
  28. FDLG Dade14.pdf
  29. FDLG Dade15.pdf
  30. FDLG Dade16.pdf
  31. NW Stephan1.pdf
  32. MW Dade2.pdf
  33. MW Dade3.pdf
  34. MW Dade4.pdf
  35. MW Dade5.pdf
  36. MW Dade6.pdf
  37. MW AOM2.pdf
  38. MW AOM3.pdf
  39. MW signing for US BANK AOM4.pdf
  40. Stern AOM.pdf
  41. Stern AOM2.pdf
  42. Stern AOM3.pdf
  43. Stern AOM4.pdf
  44. Stern AOM5.pdf
  45. Stern AOM6.pdf
  46. Stern AOM7.pdf
  47. Stern AOM8.pdf
  48. Stern AOM9.pdf
  49. Stern AOM10.pdf
  50. Stern AOM11.pdf
  51. Stern AOM12.pdf
  52. Stern AOM13.pdf
  53. Stern AOM14.pdf
  54. Stern AOM15.pdf
  55. Stern AOM16.pdf
  56. Stern AOM17.pdf
  57. Stern AOM18.pdf
  58. Stern AOM19.pdf
  59. Stern AOM20.pdf
  60. Stern AOM21.pdf
  61. Broward Stern Stephan1.pdf
  62. Stern Stephan1.pdf
11 Responses to “BREAKING!!! GMAC Freezing Foreclosures in 23 States to Take Corrective Action”
  1. I deal with the selling of a lot of foreclosures and there are many instances where the bank’s attorneys have made mistakes on foreclosures. It is sad to see this level of fraud affecting so many families, not to mention how these foreclosures negatively affect the already fragile real estate market. Now, homeowners who are barely holding on must now deal with their home’s value constantly decreasing.

  2. PJ says:

    Well it looks like the BS was spread a bit further… why is Cendant, also a “vehicle” finance company that was shut down due to the CEO going to jail for securities fraud, all of a sudden showing up in recent foreclosures in every state???? They also seem to have a link in SEC filings to USAA Federal, which back’s car finance to veterans… Fishy Indeed! That takes passing the rum jug a at Frat Party 2 new heights!

  3. Aine Callan says:

    Really interesting and only wished the internet was around when we had the last recession, as a lot of stories could have been told then … plus maybe more support.

  4. indio007 says:

    Basically this lists every judicial foreclosure where the fraud can be revealed. Non-judicial foreclosure it seems is game-on because they can still get away with it.

  5. Alina says:

    Corrective action?????!!!! Something smells a little fishy. The only true corrective action would be to return the foreclosed properties to the homeowners that were foreclosed upon.

    Are they trying to get their ducks in a row – maybe creating more of the fraudulent paperwork?

    I am going to reserve the rest of my comments until I see what they are actually doing.

  6. Well, this is one way to start a moratorium!


    It’s all starting to unravel…………


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