Jonathan Osman, The Charlotte House Hunter Group - Keller Williams Realty
In February, the Justice Department and 49 states Attorney’s General reached a settlement between themselves and the nation’s five largest mortgage servicers: Bank of America, Ally / GMAC, Citi, Chase, and Wells Fargo. At the time, it was viewed as a monumental accomplishment for foreclosure abuses related to the robo-signing scandal, where banks forged signatures [...]
GMAC Loss Mitigation: 1-800-850-4622 Fax: 1-866-502-0424 Letter of Authorization Fax: 1-866-709-4744 Tips for working with GMAC: Make contact as soon as the property is listed for sale. Send in the letter of authorization and then follow up with a phone call to loss mitigation. After the authorization letter is processed, they will allow you to [...]
For the last week, you have probably gotten your fill of the "robo signature" fiasco where in states with a judicial foreclosure, a program was signing documents for the foreclosing lender. The question remains if a proper review was completed as a part of the review which led a number of lenders stalling foreclosures in [...]
