Mortgage company halts some foreclosures

September 21, 2010 GMAC Mortgage says it's halted certain foreclosures in 23 states including Pennsylvania and New Jersey.

Brokers of Ally Financial Inc's GMAC Mortgage unit have been told to stop evictions, cash-for-key transactions, and lockouts immediately.

The company will also suspend sales of properties on which it has already foreclosed.

GMAC says the moratorium is due to a need to correct a "potential issue" in its foreclosure process but it is not identifying the specific internal issue.

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