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Banks Coming Back "On Line" with Foreclosures - CDPE

Ally Joins Bank of America, Lifts Foreclosure Freeze

Ally Financial (GMAC’s mortgage unit) has lifted their temporary foreclosure freeze, joining Bank of America in proceeding with the foreclosure processes in the 23 states requiring judicial review. While Bank of America maintains their moratorium in the non-judicial states, Ally is now continuing the foreclosure process for its entire non-performing portfolio, and expects that individual reviews will be complete by the end of the year.

JPMorgan Chase is the last of the remaining major lenders with a suspension in place. While their freeze is currently restricted to the 23 judicial states, the bank continues to review foreclosures in 41 states for any errors or anomalies in procedure.

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3 Qualifications
Learn how agents with the Certified Distressed Property Expert® designation are best suited to help distressed homeowners.
Megan Dwyer and  Jeffney Fletcher
Keller Williams Realty Consultants
695 Mansell Rd
Ste 120
Roswell, GA 30076
404-994-6304
www.dwyerrealtygroup.com