Comments on: As Predicted, Ally (GMAC) Bankruptcy Will Delay Loan Modifications, Settlement Actions for Borrowers but Foreclosures Will Continue

By: Caren

Caren — Fri, 02 Aug 2013 23:49:04 +0000

In reply to Attorney Wendy Alison Nora. Wendy I know this is a old post if you get notification please contact me I have filed a claim in the GMAC/RESCAP BK 11 My home was taken illegally I have a securitization audit I want to hire someone who can bring this claim to a settled state since i have lost everything through the actions of this Company

By: darren

darren — Sat, 02 Feb 2013 03:25:35 +0000

Our money went into some holding acct.our payment was taken out auto until. The day they came to my door and demanded we get out.foreclosed.only notice was in the newspaper we don’t receive.nice monopoly gmac has going for them I’d say.

By: Emma

Emma — Thu, 03 Jan 2013 00:37:20 +0000

In reply to To Tell The Truth.

Is there anyone to talk to about GMAC/homecomings……I Live in NY

By: Emma

Emma — Thu, 03 Jan 2013 00:34:53 +0000

Can anyone tell me who to contact about GMAC/Homecomings, I live in NY and my problems with them goes back 8 years ago. They said my payment was late ad put me in forclosures prevention and then would not except my payment…… I had an attorney and he said this company just wanted my house plain and simple. (I put a lot down on it) Now my house I sold quickly at a loss then to let it go into foreclosure and let them get anything. Is there someone who I can talk to? I want to see if I can be included in anything. Any information will be helpful.

By: Big Gee

Big Gee — Sun, 09 Dec 2012 19:53:11 +0000

Here is something that holds water… Pam. We were ready to close a in-house refy by Ally then a medical condition happened to which I promptly notified GMAC and reported the problem. Now mind-you, the representative for Ally was heading our way that week for the FINAL paper work to be signed, after 2 1/2 months processing time, but they caught wind of this medical condition,,, It was over and the wheels started there turning. We were,,,??? Yep, denied…
Then as I stayed in touch with GMAC nothing was mentioned to help us with the situation as we were AAA customers of GMAC with a $1650.00 per month payment at 6.38% to which at times we were 3,4,5 payments ahead of current month. Now of course they don’t look at the past anymore, no corporate does,,, because the hand shake is gone. That’s corporate America. Notice the respect to America only…
Now with that said, we took classes on the modification process to prepare for the paperwork and the paperwork etc, etc, etc and was rejected on the HAMP program due to a 45 day window that is impossed to complete the process unto which a phone call came to my cell while sitting with my Veteran Representative to which was conveyed to me by GMAC that they needed a tax form that was not received to complete the modification. This came at the 44th day, the 44th day, again, THE 44TH DAY!!! to be faxed that same day only, unknown to me that it takes at least 2 days for a PERSON to get the docs off the fax at GMAC and down load the data,,, so now my 45 day window is up… This is @*&#&%? crazy… To say the least!!!… NOW with that said, my permanently handicapped wife and I are in default, in foreclosure but not yet sale dated and are trying to short sale. “””””””””””So you tell me where the playing field is even in this game””””””””””””””””
America is screwing up, my friend. Wouldn’t you say??? OH I almost forget… Every form or document sent to us from GMAC in Iowa has never had a postal date stamped on the envelope only a bar code that is not tracked nor can it be tracked by the post office. So what this tells me is the time sensitive documents needed to save the home are being manipulated by the mortgage companies and the outcome is failure. . .

By: Gary

Gary — Thu, 29 Nov 2012 20:46:34 +0000

In reply to Pam.

Gee. One would think that it would be smarter if somehow the rears could be pardoned so the home owner can live life again. Tried the mod thing… Got on my knees and begged… Put under unwanted stress for a well documented and legit reason the put us $8700.00 behind. Where did America go???

By: Amy

Amy — Wed, 21 Nov 2012 00:52:42 +0000

WOW, I wish I found this earlier this year. GMAC told us that the only way we could do a short sale was to stop making our payments. They sent us out tons of paperwork that we kept filing sending back and went through this for about 8 months. Finally have an offer on the house since they told us in Sept. that we could put it on the market. When calling GMAC was informed our loan was sold and they had filed Chapter 11. Now I am fighting with the new company to honor the short sale ugh!

By: Pam

Pam — Fri, 09 Nov 2012 04:51:53 +0000

As for the person who wrote this article, GMAC has not delayed any modifications, before or during the bankruptcy. They process & approve thousands of modifications everyday.

By: Pam

Pam — Fri, 09 Nov 2012 00:22:50 +0000

There are alot of complaints on this page, but so far I haven’t seen any valid complaints. Please learn the mortgage process before you assume anything. If you feel you have a valid claim, then please file one with a reputable attorney who knows the mortgage process very well. But beware of fraudelent attorneys who promise you anything & everything, take your money & provide no results. In my 30 plus years in the mortgage industry, I’ve seen more fraudalent attorneys than mortgage companies. Sad, but true. So please do your homework & research them first. On another note, if you are going through a foreclosure, because you just simply didn’t pay your mortgage, is that really GMAC’S fault? If GMAC submits a modification to your investor & the investor denies it, is that GMAC’S fault? Please do your homework people?

By: Pam

Pam — Fri, 09 Nov 2012 00:10:58 +0000

Find out who your investor is, because they are the ones who gets the money. GMAC only owns a small amount of loans & the rest, they service for other companies. So if GMAC is not the investor, they only make money off the fees, because they are a fee based company. Your actual mortgage payment goes to the investor, which could be Fannie Mae, Wells Fargo, etc.