GMAC – Ally Halts Foreclosures in 23 States

GMAC – Ally Halts Foreclosures in 23 States

It is my understanding in a report from Bloomberg that GMAC Mortgage has directed
brokers and agents to halt foreclosures on homeowners in 23 states including Florida
and New York state. So, it’s true GMAC – Ally Halts Foreclosures in YES 23 states!

GMAC – Ally Halts Foreclosures

In a two-page memo GMAC Mortgage may “need to take corrective action in connection with
some foreclosures” in the affected areas of the country. The information was confirmed
by a spokesman for Ally Financial, in other words – GMAC – Ally Halts Foreclosures.
This memo directed agents to stop evictions, as well as other foreclosure actions
immediately regardless of the type of occupancy.

GMAC is also suspending the sales of homes already foreclosed on; the letter informs
brokers to make buyers aware that the company will extend the closing date on all sales by
30 days. GMAC – Ally Halts Foreclosures and will allow buyers to cancel their purchase agreement with the return of their deposit- that’s HUGE folks!

GMAC - Ally Halts Foreclosures

States Included in GMAC – Ally Halts Foreclosures

It’s my understanding that the states that will be affected are: Connecticut, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Nebraska, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Vermont and Wisconsin.

I offer a Free – No Obligation Consultation And Preliminary Audit of your mortgage situation as a first step to getting you help to stop foreclosure.

Call (888) 819-6554 or fill out the Stop Foreclosure Help email form,

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