GMAC Hit With Class Action Over Fla. Foreclosures

Law360, New York (November 5, 2010, 5:06 PM EDT) -- A group of homeowners has slapped GMAC LLC with a putative class action accusing the mortgage servicer of submitting fraudulent affidavits to Florida courts in an effort to speed up the foreclosure process on residential properties in the state.

A complaint lodged Thursday in the U.S. District Court for the Middle District of Florida alleges that agents of GMAC, now known as Ally Financial Inc., regularly filed sworn affidavits claiming to have personally reviewed documents they had not examined and attesting to knowledge of facts they...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.