The N.C. Attorney General is examining GMAC Mortgage for what it calls "questionable tactics" that may have resulted in undeserved foreclosures on some homeowners, the state announced Tuesday.
The mortgage giant replied that a "procedural error" in its foreclosure process was addressed months ago, and that the error did not result in any inappropriate foreclosures.
In a letter sent to GMAC this week, N.C. Assistant Attorney General Philip Lehman said the state has received information indicating that GMAC Mortgage employees "routinely signed off on large numbers of (foreclosure) affidavits" without properly reviewing them. According to the letter, the state is asking GMAC Mortgage to provide more information about the allegations, "in lieu of (a) formal investigative process at this time."
"Many North Carolina homeowners are struggling during these tough times to hold on to their homes," Attorney General Roy Cooper said in a statement. "I want to make sure that foreclosure actions by mortgage companies follow the law and give homeowners a fair chance to keep their homes."
Read more: http://www.charlotteobserver.com/2010/09/29/1724917/gmac-nc-wrangle-over-foreclosures.html#ixzz10tPwIapJ
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