Ally Halts 250 Foreclosures in MD Because of Robo-Signer

Posted on January 21, 2011


“Ally Financial announced that it is withdrawing 250 active foreclosures in Maryland that were signed by employee Jeffrey Stephan, an admitted “robo-signer,” who said he signed off on 10,000 foreclosures per month without verifying any of the information. Stephan signed affidavits testifying that he had reviewed the foreclosure files, verifying the accuracy of the information.

In this morning’s story, the Washington Post notes that Ally is going to resubmit the foreclosure files in Maryland, because it believes that the homeowners are in default.”

See CBS MoneyWatch blog here.

If you are a target of illegal foreclosure, call Christine Axsmith at Axsmith Law. We take illegal foreclosure cases and win.