Mack Investment Group
Illegal prepayment penalty

I closed escrow about the purchase of my home on 3-01-07. GMAC Mortgage instantly used a $16 thousand-dollar pre payment fee towards the pay off quantity on my mortgage. Our mortgage DIDN'T possess a pre payment fee. Our escrow business, my coming mortgage agent and myself have today invested the final six-days looking to get the cash which was illegally misappropriated from my profits delivered in my experience to no avail. It's today arrived at my interest that GMAC has involved within the same exercise on significantly more than various other events based on my escrow business. This really is similar to taking, because GMAC continues to be conscious of the issue for 6 times and it has accomplished nothing to correct the problem. It's also arrived at my interest that recently, GMAC was also involved with a reverse mortgage fraud, benefiting from seniors. Clearly, GMAC seems comfortable running outside the regulation.

Company: Mack Investment Group
Country: USA

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