When my subprime loan readjusted, I was paying 10.55% on a $520,000 first! More than the 9.25% second! And this wasn't even the worst adjustment where they would start "amortizing" the loan! This loan was considered "subprime" not because of my credit, which was excellent, but ...
I have a second mortgage with GMAC and my first mortgage is on an ARM it is adjusting and we were trying to refinance. With the market like it is there is not enough equity to do both the first and second on a 80% refinance (which is what the bank is offering) so we decided to just do the first ...
GMAC mortgage promised our consolidation loan during previous contacts earlier in 2007 when we started rennovating our home. So when we called to start the consolidation process in December we thought everything was fine. They took 3 whole months to tell us NO. They never said there was a ...
I sold my house in May of 06 because of an employee theft of over 40K at my family owned business. I was late a few times with the mortgage but I made them aware of the problem at the beginning. I chose to sell my house because I wanted to tap my equity and lay low to heel my credit rating. I paid ...
GMAC Mortgage may be the toughest organization we have ever handled. Since our mortgage was offered for them beginning April they've: - charged people for House insurance for that month of March (yes, the mortgage was not under them however) - charged people for continuing House insurance AFTER our ...
We received a letter via FedEX from GMAC Mortgage. The first paragraph of the letter emphasizes this is a second attempt to contact us. That is an absolute lie, it is actually the first attempt to contact us. We are not hard to contact and can say for sure they haven't called here. The second ...