GMAC Mortgage chapter 11 cases
Posted: Wed Jun 06, 2012 2:36 pm
My understanding is that Nacba is involved and some national relief motions
will, or are likely being filed so that we may proceed with our work.
We should get some feedback from our judges on handling these matters in
the interim.
On Wed, Jun 6, 2012 at 2:05 PM, wrote:
> **
>
>
> GMAC and its ridiculous # of affiliated entities filed chapter 11
> proceedings in the SDNY on 5/14/12. All of the cases are jointly
> administered under Residential Capital, LLC, Case No. 12020 MG.
>
> I'm sure that every debtor lawyer on this list has debtor cases pending,
> with GMAC entities as creditor(s), secured by real property, in which you
> are seeking to avoid a junior lien or to discharge the mortgage debt. The
> issue that I am concerned about is whether either can occur w/o relief from
> stay in the GMAC cases, particularly when GMAC still owns the loan. If
> GMAC is merely the servicer, perhaps there is no need to be so concerned.
>
> Any thoughts ???
>
> Thanks,
>
> Eric
>
> Law Office of Eric Alan Mitnick
> 21515 Hawthorne Boulevard, Ste. 1080
> Torrance, California 90503
> (310) 792-5864; 792-5866 (fax)
> MitnickLaw@aol.com
>
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My understanding is that Nacba is involved and some national relief motions will, or are likely being filed so that we may proceed with our work.We should get some feedback from our judges on handling these matters in the interim.
On Wed, Jun 6, 2012 at 2:05 PM,
The post was migrated from Yahoo.