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GMAC Forged Affidavits

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GMAC executive Jeffrey Stephan admitted to signing roughly 10,000 falsified affidavits per month used in foreclosure proceedings.  Attorneys general in Florida, Texas, Iowa and Illinois opened investigations into Ally Financial's foreclosure activities.
 

In a deposition GMAC executive Jeffrey Stephan admitted to signing roughly 10,000 falsified affidavits per month that were used in foreclosure proceedings.  Attorneys general in Florida, Texas, Iowa and Illinois have begun investigations into Ally Financial's fraudulent foreclosure activities.  The Florida Attorney General has opened investigtions into foreclosure mills including Law Offices of Marshall C. Watson PA; Shapiro & Fishman LLP; and the Law Offices of David J. Stern P.A.  Ally has temporarily suspended foreclosures in the 23 US states that require judicial foreclosure.

Read Jeffrey Stephan's deposition here.

Related Subjects: 
Mortgage Litigation News
 
 

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