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17 Jan 2024, 3:36 am by Andrew Lavoott Bluestone
Sterling also personally guaranteed Green Oak’s financial obligations under the note and mortgage. [read post]
14 Jul 2022, 12:33 pm
GMAC Mortgage, LLC, 735 F.3d 1263 (11th Cir. 2012)(wholly underwater liens still avoidable in chapter 7) the 11th Circuit Court of Appeals was presented with the issue whether it could recede from its prior decision in Folendore v. [read post]
27 Nov 2017, 4:01 am by Andrew Lavoott Bluestone
Forged deeds and/or encumbrances are those executed under false pretenses, and are void ab initio (see Marden v Dorthy, 160 NY 39 [1899]; GMAC Mtge. [read post]
5 Oct 2017, 5:20 pm by Wolfgang Demino
He must be presumed to be a sophisticated investor.DOOMED TO DELINQUENCY AND DEFAULT, BUT ONLY AFTER A PERIOD OF LATENCYUnlike securitized residential mortgages, the unsecured student loans could not go into default immediately or even within months (short of borrower death or bankruptcy) because the student-borrowers were still in school and their loans in the incubation stage (deferment). [read post]
12 Jul 2017, 12:38 pm by WOLFGANG DEMINO
The notice also stated that if the default was not cured "in the full amount" by August 20, 2013, "the mortgage payments will be accelerated with the full amount . . . becoming due and payable in full. [read post]
19 May 2017, 12:23 pm by WOLFGANG DEMINO
Certain assets of FFSFC presumably including the property in question were sold to FFA, including the mortgage servicing rights. [read post]
20 Oct 2016, 5:10 pm by Andrew Delaney
In 1993, Borrowers executed a promissory note to GMAC Mortgage Corp., the predecessor-in-interest to Cenlar FSB (Lender), secured by a mortgage. [read post]
11 Aug 2015, 5:00 am by Wystan Ackerman
The central allegation was that Newport provided certain “loan tracking services” to GMAC at no charge, which reduced GMAC’s expenses, in exchange for GMAC agreeing to buy lender-placed insurance exclusively from Balboa. [read post]
11 Aug 2015, 5:00 am by Wystan Ackerman
The central allegation was that Newport provided certain “loan tracking services” to GMAC at no charge, which reduced GMAC’s expenses, in exchange for GMAC agreeing to buy lender-placed insurance exclusively from Balboa. [read post]
2 Jun 2015, 8:55 am by Allison Tussey
In Hechter’s September 2014 guilty plea, he admitted that he paid $1 million dollars in bribes to Sanabria and other bankers at GMAC Mortgage and National City Bank. [read post]
3 Feb 2015, 1:57 pm by Allison Tussey
As detailed in the plea agreement, Rojas purchased a single family home in 2006, for $935,430, which he financed by taking out two mortgages from Homecomings Financial Network, a GMAC company (“GMAC”). [read post]
16 Dec 2014, 3:15 pm by Allison Tussey
Constantinou was a loan officer at GMAC Mortgage from 2006 to 2007 and at Countrywide Home Loans from 2007 to 2008. [read post]
21 Oct 2014, 12:27 pm by LindaMBeale
 Why was GMAC bailed out when other mortgage lenders were not? [read post]
15 Oct 2014, 7:39 am by Allison Tussey
The mortgages Moreno sold on behalf of GMAC were mostly non-performing or distressed second mortgages. [read post]