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GMAC Mortgage Halts Some Evictions and Foreclosed Home Sales

September 23, 2010

GMAC Mortgage announced that it was suspending sales of foreclosed homes and evictions of borrowers who have fallen behind on the mortgages in 23 states. Foreclosure lawyers said the action could highlight problems with other lenders that may have illegally driven homeowners out of their homes. It also offers a glimpse, they said, into an overloaded foreclosure process in desperate need of change. Foreclosure - Mortgage - Business - United States - Eviction

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