Thursday, November 18, 2010

CEO ALLY FINANCIAL TESTIMONY: FORECLOSURES “FLAWED”, “UNACCEPTABLE”

“Our company’s process for preparing foreclosure affidavits was flawed”


“There were affidavits signed outside the immediate physical presence of a notary and without direct personal knowledge of the information in the affidavit”

“These flaws are entirely unacceptable to me”

Testimony of Ally Financial Ceo Thomas Marano

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