Wednesday, October 20, 2010

Bank of America, JPMorgan, GMAC Evictions Held Up by Sheriff in Chicago

Foreclosure evictions by Bank of America Corp., JPMorgan Chase & Co. and Ally Financial Inc.’s GMAC will be suspended next week in Cook County, Illinois, which includes Chicago, Sheriff Tom Dart said.


Dart said today he is halting evictions until he receives assurances that they are legal. His decision, effective Oct. 25, affects about 1,500 pending cases, he said.

“I need them to tell me that everything was done properly,” Dart said at a press conference, referring to the lenders. He is demanding affidavits to support the banks’ cases, he said.

Read on.

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