When we switched home insurance companies in July of GMAC was listed as the Mortgage Holder on the insurance policy. Within 3 weeks we received a letter from GMAC stating that they were notified that our insurance was cancelled & would be putting coverage on the property themselves. We ...
We sold a house in March. A second mortgage held by GMAC was paid off at closing. GMAC has reported us as delinquent on payments due the following May and June. We have provided documentation of the payoff including the HUD settlement sheet. GMAC refuses to correct their error. There is no way to ...
We had a GMAC FHA loan with a 30 yr fixed rate, and about 21 months later we refinanced to a lower interest rate. We refinanced with GMAC and got a 30 year fixed rate loan at 4.375 %. We were originally told the loan would cost us around $4,000.in the end the loan cost us around $8,000.00. However ...
Around February my father contacted GMAC to ask if he could skip a payment. He had a perfect payment history with them up to this point. They told him they would skip 2 payments-March and April. My dad sent in an interest payment of $135 as he was instructed to do. Come May 23 (my father's payment ...
We sold a house in March. The settlement documents reflect payment of a second mortgage held by GMAC. GMAC reported us delinquent on payments the following May and June. This erroneous report is damaging our credit score and causing us to be charged a higher rate on a loan on a new home set to ...
I had a truck financed with GMAC and it was at the dealer for weeks with a bad transmission. GMAC had agreed to a substitution of collateral, but the selling dealer refused. The truck was repossessed while I was making payments. We went to court and the judge ruled that by repossessing the truck ...