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Home » Store » News » Miami Investor Sues GMAC Mortgage For Mismanaged Loan, REO Servicing

Miami Investor Sues GMAC Mortgage For Mismanaged Loan, REO Servicing

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American Residential Equities, a Miami-based real estate company that buys and liquidates pools of non-performing residential mortgages, filed a lawsuit against servicing giant GMAC Mortgage Corp. for servicing failures. But GMAC said last week that it will fight the suit and did nothing wrong. The suit, filed in the Southern District of Florida, alleges that GMAC failed to properly...
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