GMAC stops buuying homes in MASS GMAC Mortgage, one of the nation’s leading lenders, said yesterday that it will end most of its mortgage business in Massachusetts, a day after Attorney General Martha Coakley sued the company and four other major financial firms over their role in the foreclosure crisis.

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A rise in foreclosure properties pressure prices of other homes for sale. “As unemployment rises. but are now in financial trouble and are reaching out for counseling to help avoid foreclosure.” In.

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Avoid Foreclosure Foreclosure is a situation in which a homeowner is unable to make mortgage payments as required, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract.