Oct
13
NEW YORK (CNNMoney.com) — Major mortagage servicers are broadening their investigations into the possible mishandling of foreclosures.
Ally Financial said Tuesday it has hired outside accounting and legal firms to examine its foreclosure procedures in all 50 states. That effort will not look at individual cases.
Ally also said it would review pending foreclosure sales to ensure that all documents are accurate.
In addition, Ally had previously announced that it was temporarily suspending evictions and post-foreclosure closings in the 23 states in which judges must sign off before someone loses their home.
The company, previously known as GMAC, the finance arm of General Motors, will continue its internal review in those 23 states.
Ally Financial said it has found no evidence of any inappropriate foreclosures.
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