Chase, GMAC Suspends Foreclosure Actions, Citi May Be Next

JP Morgan Chase has joined GMAC Mortgage in temporarily halting foreclosure proceedings in judicial foreclosure states as their employees have admitted filing false affidavits attesting to having fully reviewed each of the tens of thousands of mortgage files to make sure they had the legal right to take ownership of the homes.

 Under pressure from Attorneys General in many states, including Connecticut, evictions have stopped and some if not all foreclosure actions were frozen in states were judicial reviews are required (California is an exception to that rule).

Judging by Citi’s lack of a blanket statement that it did everything properly, its likely that Citi will be following Chase and GMAC.

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2 Comments on "Chase, GMAC Suspends Foreclosure Actions, Citi May Be Next"

  1. Anyone needing some investigative information regarding the following lenders, brokers, servicers, foreclosure mills, Title Companies, officers and notaries:

    Goldman Sachs
    Litton Loan Servicing
    Fremont Reorganizing
    LPS Title Company
    The Wolf Firm, A Law Corp
    Marti Noriega
    Debra Lyman
    John Crandall
    Brenda Mckinzy
    Leigh Blackwell
    Daniella Marie Garrett
    Melissa Bell

    Go to the link below:

  2. Wells Fargo and its army of attorneys knew it is Category C felony to make mortgage loan and foreclose home based on fraudulent appraisal. However they chose to defraud us by foreclosing our home.

    Wells Fargo committed prosecutable crime against us. We lost our home. Something is wrong with this picture.

    Here are the facts.

    1. it is illegal for Wells Fargo to make mortgage loan to us based on hugely inflated appraisal.

    Fact: – Wells Fargo’s fraudulent appraisal valued our home at $718,000

    – Wells Fargo’s own review appraisal valued our home at $475,000

    – Nevada Attorney General’s office suspended the appraiser’s license for committing appraisal fraud on our home.

    – Nevada Appraiser Licensing Board mandated the appraiser to complete appraisal fraud course before regaining his real estate appraiser license.

    – Nevada Revised Statue NRS 205.372 states that it’s category C felony to make mortgage loans based on fraudulent appraisal.

    – Cases of Attorney General’s indictments against attorneys, loan brokers for teaming up make fraudulent loans to defraud homeowners.

    2. it is illegal for Wells Fargo to wrongfully foreclose our home based on fraudulent appraisal and mortgage loan.

    You can find all the facts on our website.

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