This all started when our home was financed through another company that sold to GMAC MORTGAGE. We have always struggled with our house payments (family of 5). We have made the newspaper 4 times within a year on the Foreclosure columns-my husband runs his business out of the house and I am a waitress. Very embarsing to us both. We have struggled to keep the house and got shoved into a REPAYMENT AGREEMENT with a very large lawyers fee tacked onto it. The amount necessary to cure the default is $5354.40 is what they said.
1st payment due on 10/31 of $2000.00
2nd 11/30 of $1405.58
3rd 12/31 of $1405.58
4th 1/31 of $1405.58
5th 2/28 of $1405.58
6th & final 3/31 $1326.35
Now this totals $8948.67, but the amount to cure the default is $5354.40. Where is the $3594.27 going-to the lawyer and late charges. Cuz our normal payments were due on the 1st of the month and they set up the REPAYMENT AGREEMENT on the last day of the month so they could charge us late charges on every month of the REPAYMENT AGREEMENT.
It gets worse! We have just got a foreclosure notice again because after sending that last payment on 3/31 we didn't realize we had to have the 4/1 payment of $1287.27. They knew this was going to happen and wanted it to. They just want our home.
Why can't we all get together and sue this company?
This company needs to be brought down and we can do this with a lawsuit if we all stick together and standup to them.
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