GMAC Mortgage
Forclosure

I had a loan with GMAC on my house. We sold the house and bought another one. The original house fell out of escrow. I put both houses up for sale, and paid two notes for over a year. During this time the company I work for went through Bankruptcy. I lost 59 % of my pay, and was unable to pay two notes. I offered GMAC deed in lieu of foreclosure, they would not accept.

I had several offers GMAC would not even talk about a short sale with me paying the difference. I even had an offer for within $7000 of payoff. While negotiating this offer GMAC foreclosed on the house with only a 28 day notice. (30 days required by law in Ga.) GMAC was only after the PMI money and would not work with me in any way. I will NEVER!!! Have another loan from GMAC/DITEC etc. Nor will I ever own another GM product.

GMAC mortgage needs to be investigated. With their practices they should never have gotten any tarp money from the Government.

Company: GMAC Mortgage
Country: USA
State: Georgia
City: Atlanta
Site: www.gmacmortgage.com

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