Bloomberg – Ally Said to Tell Freddie Mac of Faulty Foreclosures Weeks Ago

Ally Financial Inc.’s GMAC Mortgage unit told Freddie Mac that foreclosures by the auto and home lender might have been faulty weeks before halting its own evictions, according to two people briefed on the matter. Ally informed Freddie Mac on Aug. 25 that affidavits for court proceedings might not be valid, according to a person … Read more

Washington Post – Ally’s mortgage documentation problems could extend beyond 23 states

So yesterday I get an email from the Washington Post requesting some documents that Jeffrey Stephan signed in NON-Judicial states, since they are only halting their proceedings in 23 states, and sent some over… This morning I get a “Thank You Again!” from the reporter over at the post with a link to their latest … Read more

ONLY A “SECURED CREDITOR” May Conduct A Non-Judicial Foreclosure In Georgia

Friends & Colleagues, One of the MAJOR attack strategies we have lawyers executing in the state of Georgia is that ONLY A “SECURED” CREDITOR may advertise and conduct a “non-judicial” foreclosure.  You will see not only our logic, but one of the lending industry’s top lawyers who used to be partners and of counsel to … Read more