Saturday, March 2, 2013
Ally Financial's ResCap Wants to End Foreclosure Review Process
``ResCap, also known as GMAC Mortgage, says its costs for conducting independent reviews of foreclosures on borrowers is skyrocketing as the timeframe for reviews has been extended, depleting potential recoveries for creditors. ResCap also argues its obligations under the agreement should be treated as an unsecured claim in its Chapter 11 bankruptcy, according to a filing in U.S. Bankruptcy Court on Wednesday.''
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment