Homeowners who are in foreclosure with GMAC as a plaintiff are in luck! GMAC filed bankruptcy on June 12, 2012, naming a list of more than six thousand creditors.
GMAC no longer has standing to sue a homeowner in foreclosure as their assets are now controlled by the United States Trustee and the Bankruptcy Court.
I have a feeling courts are going to be receiving many notices of this bankruptcy with many quiet title actions to follow!
At this time, we are asking anyone with a GMAC lawsuit to contact us directly. We need to discuss some more particulars about this with you.
Thanks! And we look forward to hearing from you!
GMAC Bankruptcy Filing 6-12-2012.pdf