For the past year and a half, I wanted to do a loan modification. With GMAC. They turned me down three times. GMAC sent me three denial letters, proving that I have a hardship, and also have a 31% mortgage payment to salary ratio, according to the federal loan modification guidlines. Both by their ...
My husband and I had moved out of our house and rented it out, but were still losing $500.00/month out of pocket. We relocated to try and help my family with some problems. My husband was not able to find a new job and was unemployed for two months as was I. We moved from Texas to Kansas and the ...
GMAC Mortgage is unlawfully using money deposited into clients mortgage accounts. I had a surplus on my mortgage. I over paid on my mortgage account so I could make an early payment eventually when the account had built up. It was in the "other" money section because on line you aren't ...
We purchased our home in Buckeye, AZ in May for $175,610.00 with a 20% down payment and obtained a 30-year 5.5% fixed rate mortgage for the amount of $140,400.00. During the next several years, our monthly mortgage payment of $893.21 including Homeowners Association dues (HOA). The principal and ...
Be warned people! Companies like GMAC Mortgage Do not honor their end of good faith agreements when a person files bankruptcy. I reaffirmed my agreement with GMAC Mortgage and agreed to honor my end of the reaffirmation. GMAC Mortgage is not, has not, and will not honor their end. They froze the ...
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 ...