Oh Ohio – Attorney General Cordray Instructs Courts Throughout the State to Monitor GMAC Cases for Questionable Practices

Cordray Asks Ohio Judges to Carefully Review GMAC Foreclosure Cases

9/28/2010

(COLUMBUS, Ohio) — In a letter sent today to Ohio judges, Attorney General Richard Cordray has requested the state courts to make a special review of all foreclosure cases that involve GMAC Mortgage. The letter was sent in response to recent reports of questionable affidavit procedures by the large loan servicer. It appears that affidavits were being signed en masse, and that those signing them were attesting to having personal knowledge about matters that they in fact knew little or nothing about.

“Many Ohioans are struggling to remain in their homes and are in absolutely desperate situations,” said Cordray. “It is critical that all involved in the foreclosure process recognize the dire circumstances of these Ohioans and protect the integrity of the system through careful vigilance. It is with this in mind that I request courts throughout the state to monitor these cases which may be the result of questionable practices.”

In the letter, Cordray cites a recent news release from GMAC acknowledging “a potential issue that was raised in a number of existing foreclosures challenging the internal procedure,” and several media reports including articles by the Washington Post and the New York Times that question the validity of GMAC affidavit procedures that are used in foreclosures.

In July 2009, Cordray was the first attorney general in the nation to file a lawsuit against a loan servicer for violations of the state’s consumer laws. His office currently has cases pending against three loan servicers: Carrington Mortgage Services LLC, American Home Mortgage Services Inc. and Barclays Capital Real Estate dba HomEq Servicing. Earlier this month, a Montgomery County Common Pleas judge affirmed Cordray’s case against HomeEq by overruling the defendant’s motion to dismiss, which has cleared the way for Cordray’s case to move forward.

Media Contacts:

Kim Kowalski: (614) 728-9692
cell: (614) 893-6018
Ted Hart: (614) 728-4127
cell: (614) 743-2286

SOURCE: Ohio Attorney General

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4closureFraud.org

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Ohio Attorney General Cordray Letter to GMAC Foreclosures
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Comments
One Response to “Oh Ohio – Attorney General Cordray Instructs Courts Throughout the State to Monitor GMAC Cases for Questionable Practices”
  1. Ron Moss says:

    My case ihave reported is against MortgageIT, I thought was owned by Duetsche bank, but recently rather it was actually owned by GMAC at the time i was sucked into a loan I could not afford, My payments were increasaed from $1,400. to $4,100 within three years. But I learned Duetshe bank bought MortgageIT sometime in 07, and my loan was singed in October of 06 so my criminal activity was already a fact prior to Duetshe bank acquirine it from GMAC,

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