In June 09, we approached GMAC Mortgage to use to get a mortgage loan modification. We posted out necessary paperwork and difficulty notice detailing that my spouse was let go and we dropped 50% of our monthly revenues. GMAC replied back having a mortgage loan modification that will decrease our mortgage by significantly less than $50. We approached them back and also the individual we talked with might clarify how they are able to to some $50 decrease whenever we dropped 50% of our regular revenue. Per week later we were approached with a really rude consultant that attempted to strong-arm people into taking the change. We described we did not realize and might somebody contact us who might clarify. We were never approached so we got a lawyer. After they lawyer got concerned, GMAC delivered us another change quantity which was still not useful. Therefore our lawyer asked concerning the government applications and we were informed that because we did not take the very first offer, significantly less than $50 cutbacks, we no further be eligible for a government program and we possibly consider the 2nd offer, their lender plan, or they'll proceed to foreclosure methods.
We never approved or decrease the very first present we needed anyone to show us how they are able to towards the $50 reduced amount of our mortgage whenever we dropped 50% of our revenue when my spouse was let go.
GMAC received lots of cash in the government and therefore are reluctant to work well with their clients. A $50 decrease isn't likely to assist us as well as their rejection to permit customers the federal government mortgage plan is horrible and unjust. We shall probably shed our house since we just have half the revenue today and we were compelled to have a change that'll not support us.
May we get assistance from anybody available? May we prosecute GMAC for poor company training as well as their strong-arm techniques and unwillingness to assist customers once they've received bailout funds?
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