Tuesday, September 21, 2010

NYT: GMAC Halts Foreclosures in 23 States for Review
For more: http://s.nyt.com/u/mi6f
States where the moratorium is being carried out include New York, Connecticut, New Jersey, Illinois, Florida and 18 others [including Kentucky - editor], mostly on the East Coast and in the Midwest. All of the affected states are so-called judicial foreclosure states, where courts control the interactions of defaulting homeowners and their lenders.

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