GMAC Mortgage Coompany
I have been trying over a year for a loan modification with GMAC Mortgage Co

Business & Finance

I have been trying for over a year for a loan modification thru GMAC Mortgage. They even set me up on forbearance pymts for 6 months of which i paid them all on. Or ahead of the due date. I was told that during the forebearance process they would be working on a modification. At the end of the 6months of pymts they informed me that I would have to RE-Send all the documents again. And that if the loan was'nt brought CURRENT. That foreclosure proceedings would begin. They refused pymts. And after submitting the modification paperwork a total of 4 seperate times... They finally said the modification was approved... However. My pymt went UP! I could no longer afford the original pymt. Let alone a HIGHER ONE! Property is now valued over 50k LESS... But GMAC OBVIOUSLY never intended on helping me to begin with. I now. After 7 years of ownership am FORCED to move out. Are there not laws to protect home owners..?


Company: GMAC Mortgage Coompany
Country: USA
State: Georgia
City: Acworth
Site: gmacmortgage.com
  <     >  

RELATED COMPLAINTS

Gmac Mortgage
Illegal, and deceptive loan modification practices

G.M.A.C. (aka) Homecomings Financial - GMAC
G.M.A.C., Homecomings Financial - GMAC Mortgage modification fraud, no denial letter, two times trail payment with no modification

GMAC Mortgage Company
3 times I tried HAMP and denied everytime, "WHY"

GMAC Mortgage
Loan modification

GMAC Mortgage
Loan Modification

Gmac - Rescap - Homecomings Financial
GMAC Mortgage. Homecomings Financial after 3 attempts at loan modification, servicer was changed to GMAC from Hoecomings, and begin trial repayment arrangement

GMAC Mortgage
Loan Modification Led to Foreclosure

GMAC
Loan modification added $26,569.39 to principal in six months

GMAC
Loan modification denied and deed offered instead to disabled seniors