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Port St. Lucie - Sebastian - Vero Beach St. Lucie, Martin, and Indian River counties (Treasure Coast)
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Old 09-22-2010, 03:41 PM
 
Location: Port St. Lucie, Florida
4,507 posts, read 9,199,806 times
Reputation: 1999

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Copied from ABC News

GMAC Mortgage, a unit of Ally Financial Inc., which is majority-owned by the U.S. government, announced this week that it was suspending sales of foreclosed homes and evictions of borrowers who have fallen behind on the mortgages in 23 states (Florida is one of them). In a statement, the company said the temporary suspensions were intended to give it time to review its procedures.

Foreclosure lawyers said the action could highlight problems with other lenders that may have illegally driven homeowners out of their homes. It also offers a glimpse, they said, into an overloaded foreclosure process in desperate need of change.

why? who mght have signed your foreclosure documents and never even knew anything about it....they were just on their desk to sign, along with THOUSANDS of others ..please read...

GMAC Halts Evictions, Foreclosed Home Sales - ABC News
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Old 10-25-2010, 08:16 PM
 
52 posts, read 160,079 times
Reputation: 29
Does this apply to "Short Sales"?
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Old 10-25-2010, 08:24 PM
 
Location: Port St. Lucie, Florida
4,507 posts, read 9,199,806 times
Reputation: 1999
Actually any sale could be affected if you think about it. Foreclosures are going through a process that paperwork is going through the hands of fast signing people who haven't even see the foreclosure file....just sign here...NEXT! That is what all the riot is about.

Usually any other kind of sale .. the title is checked.. and made sure it is clear. But, this does now raise a question of .. is any sale safe and have the proper chain of title? Was it done through the proper channels? DID everyone sign off while passing through to the new owner?

Can't answer you. I would ask ..who has my Title? SHOW ME the signature

can of worms..
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