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GMAC Halts All Foreclosures In 23 States On Heels Of Florida Judge Finding JPM Committed Court Fraud In Mortgage Misappropriation

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 · That move came after a number of the country’s largest banks announced partial or total halts to foreclosures. Bank of America last week announced a moratorium on foreclosures in all 50 states, while JP Morgan Chase halted action in 41 states. With no clear idea of the financial implications of this legal morass, bank stocks have swooned.

Recently, four large mortgage lenders, PNC Financial Services Group, Bank of America, J P Morgan Chase, and Ally (formerly GMAC) suspended the processing of real estate foreclosures in 23 judicial foreclosure states due to concerns that they were not being processed according to state laws.

Full Deposition of Jeffrey Stephan – GMAC’s Assignment / Affidavit Slave – 10,000 Documents a Month. GMAC Freezing ALL Foreclosures in 23 States to Take Corrective Action Foreclosure Fraud. U.S. Pursues One of the biggest mortgage-fraud probes Since the Financial Crisis; 000.

Chase Follows GMAC, Freezes Foreclosures. JP Morgan Chase announced a freeze on mortgage foreclosures in 23 states-including Florida-just a few days after GMAC did the same.Chase took this unusual action because it could not tell whether it had submitted false affidavits or had committed perjury before the foreclosure courts of those states.

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