JPMorgan Chase said Wednesday that it is halting 56,000 foreclosures in process, pending a review of whether employees properly signed and verified information in foreclosure documents.

The admission follows a similar disclosure last week by Ally Financial's GMAC Mortgage that it had halted evictions and property sales in 23 states due to process defects. Those defects were described in a deposition by a GMAC employee, who said he routinely signed off on court documents without verifying the information or having a witness present.

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