Sunday, July 31, 2011

Large Mortgage Service Filed False Documents in Foreclosure Bid

Paul Kiel, ProPublica: "GMAC, one of the nation's largest mortgage servicers... wanted to foreclose on a New York City homeowner but lacked the crucial paperwork needed to seize the property... Three months later, GMAC had an answer. Itfiled a document with New York City authorities that said the delinquent Ameriquest loan had been assigned to it 'effective of' August 2005. The documentwas dated July 7, 2010, three years after Ameriquest had ceased to exist... In New York, it's a felony to file a public record with 'intent to deceive.'"
Read the Article

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