CHICAGO-Two mortgage banks, JPMorgan Chase & Co. and GMAC Mortgage LCC, a unit of Ally Financial, have suspended thousands of foreclosures, till they complete scrutinizing the accuracy of the loan documents. However, it is premature to declare whether the steps taken will permit some house owners to get their homes back or save their houses.
The two firms have requested their employees to verify the documents, which include the affidavits used in foreclosure suits, and get the sign of appropriate people. For the full story, go to Chicago Sun Times.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
