Just three weeks after they announced a moratorium on their foreclosures in the 23 judicial states, GMAC and Bank of America are going to restart foreclosure proceedings.
James Olecki, spokesman for Ally (GMAC's parent company) said, “Our review and remediation activities related to cases involving judicial affidavits in the 23 states continues. As each of those files is reviewed, and remediated when needed, the foreclosure process resumes.”
DSNews reports that BoA says it has found no instances in which a homeowner was wrongly foreclosed upon and has begun the process of preparing 102,000 foreclosure affidavits that have been on hold for re-submission to the courts beginning next Monday.
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