Ohio AG Asks State Courts To Review Ally/GMAC Foreclosures

Reuters reports:

• Fallout over GMAC Mortgage's foreclosure practices deepened on Tuesday as Ohio's top law enforcement official asked courts in that state to review all foreclosure cases involving the Ally Financial Inc unit.

• Richard Cordray, the state's attorney general, said he made his request after GMAC last week acknowledged that some employees were submitting affidavits in foreclosure proceedings without personally verifying the documents' contents.

• This has raised doubt over GMAC's foreclosure process, including whether some borrowers lost their homes without good reason, exacerbating the nation's housing crisis. It has also raised the specter that procedural shortfalls might be an industrywide problem, and not limited to GMAC.

For more, see Ohio asks courts to review GMAC foreclosures.

For the Ohio AG press release, see Cordray Asks Ohio Judges to Carefully Review GMAC Foreclosure Cases.