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Published Wed, Sep 29, 2010 05:59 AM
Modified Tue, Sep 28, 2010 11:26 PM

State is investigating GMAC's foreclosure procedures

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From staff reports

The state Attorney General's Office is examining GMAC Mortgage for "questionable tactics" that may have led to undeserved foreclosures on some homeowners.

The mortgage giant replied that a "procedural error" in its foreclosure process was addressed months ago, and the error did not result in inappropriate foreclosures.

In a letter sent to GMAC this week, state Assistant Attorney General Philip Lehman said the state has received information indicating that GMAC Mortgage employees "routinely signed off on large numbers of [foreclosure] affidavits" without properly reviewing them.

On Friday, four days before the state's announcement, GMAC Mortgage released a statement saying it had discovered a "procedural error" in "certain affidavits required in certain states."

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