Get a Fast and FREE Consultation!
Fill out the form NOW!

"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

First name: *
Last name: *
Email: *
Phone: *
Property State: *
Home Value:*
Mortgage Balance: *
How Far Behind: *
Read our privacy policy.

GMAC Required to Start Over on 10,000 Foreclosures


There were 10,000 GMAC foreclosures that were thrown out due to "robo-signing" in the state of Maryland.  Any loan that was signed by Jeffrey Stephan was thrown out because he signed false documents, and signed foreclosure documents without any knowledge about them. GMAC decided to throw out every foreclosure case that was signed by Jeffrey Stephan due to Stephan's affidavit of confessing that he used "robo signing" for all these homeowners. However, the bank is able re-file foreclosure actions on these 10,000 customers, but at their own expense. They will have to start from the beginning with all these customers. They will have to file the notice, and see if the homeowner would qualify for a loan modification. GMAC will also have to apply Maryland's new regulations.  This is mandatory mediation between the lender and the homeowner.