We are a family of 5 and we are trying to keep our home. Our lender GMAC sent us information regarding the "Affordable Home Program". My husband Matt and I signed up/filled out the paperwork and were guaranteed for the 3 month trial period our mortgage would be $1200 instead of the usual $2000 while being evaluated for the program. We were denied the program for sending in a payment 12 hours early (the conditions stated the payments were to be made on the due date and not before). Prior to signing up for the program Matt, who is a self-employed landscape contractor, had worked 28 12 hour days straight to get us caught up in our payments. We had the money to get our payments current. Now that we have been denied the program, GMAC is requiring that we repay the $2400 that we "underpaid" for the 3 month trial period, $300 in fees accrued for non payment (according to GMAC we are 2 months behind in payments) as well as our current $2000 mortgage or they will foreclose on our home. We don't have the additional money and we feel duped. They are currently calling us everyday, sending default letters and threatening to foreclose on our home if we do not come up with the money. We have both spent hours on the phone with GMAC trying to get this matter cleared up to no avail and are in fear of loosing our home as many of our friends already have.
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