GMAC Faces Fresh Allegations

PHILADELPHIA-According to a court filing in Duval County, FL, GMAC Mortgage unit, formerly known as GMAC Inc. and a division of Ally Financial Inc., is facing fresh accusations that it expelled house owners without confirming that that company could seize the homes legally or homeowners actually defaulted.

By GlobeSt News Hub | September 24, 2010 at 01:01 AM

PHILADELPHIA-According to a court filing in Duval County, FL, GMAC Mortgage unit, formerly known as GMAC Inc. and a division of Ally Financial Inc., is facing fresh accusations that it expelled house owners without confirming that that company could seize the homes legally or homeowners actually defaulted.

Ally Financial, a Detroit-based home and auto lender, defended that a loophole in the foreclosure procedure allowed its workers to sign documents without the presence of a notary or confirming the validity of the information. For the full story, go to Boston Globe.

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