The Real Deal Miami

Lenders begin to lift freeze

October 19, 2010 10:30AM

Lenders including Bank of America and GMAC Mortgage have started lifting
freezes on more than 100,000 of their foreclosure cases in Florida and
other states. James Olecki, a spokesperson for Ally Financial’s GMAC,
said the lender is re-submitting documents in some foreclosure cases
including at least one in Florida. Late last night, Bank of America
issue a statement saying the firm expected to bring cases back into
court next week in 23 states that have a judicial foreclosure process. [Sun