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Loan Mod/Settlement 1st GMAC & HELOC Wachovia Re: Loan Mod/Settlement 1st GMAC & HELOC Wachovia. I think it is going to be very difficult to settle your 2nd for 5-10% considering what you state your home is worth. More likely would be 40-50%. If 580k-381k= 199k for 2nd, ... Loan mod in bankruptcy/fannie mae/gmac Good morning, everyone. Hoping to get some good feedback. I have been trying to get a loan mod with GMAC since March. After filing complaints with. ... Our mortgage payment is half of our bring home pay and things are more than tight. I do have a phone appointment with NACA next week, but if I submit more financials to them, will it be the same response? I am handing out all of my personal info, and am not getting anywhere after all of this time. ... GMAC Mortgage Dupes Minister and Terminal Wife-Now Facing ... And, because of this mortgage company's deception, we were denied the opportunity and right to apply for a loan modification program and possibly save our home. And then there was the issue of the other proposed “options”–what happened ... Short Sale in CA - GMAC, Chase, 2nd Home, Homestead We bought our house in northern CA July 2004 for $399K, 80/20 with 20K down from my 401K. In 2006 we refied and used the $ to purchase land which we. GMAC DENIED - Not Enough Income - Please help! Re: GMAC DENIED - Not Enough Income - Please help! Quote Originally Posted by goldgem View Post. Thanks MyHamp.. you've been very helpful! BTW, I saw pictures of your home and its beautiful.. You're so blessed to get that loan modified. ... Demo for Set Construction / lighting / camera -GMAC Mortgage 60 ... about 1 hour ago - 25 comments. fixed rate home equity loan Check out my new blog… mrmortgage.ml-implode.com S&P, BofA and Fitch all concur that the 'Home Equity Implosion' is knocking on, or kicking down rather, the front door. ... GMAC loan Modification approved then denied Re: GMAC loan Modification approved then denied. BTW, Gmac has no mod reps nor analyzing capabilities in India.[/QUOTE] BYSTANDER, you seem to have an interest in the GMAC threads, do you work for GMAC? MY NET INCOME IS WHAT I TAKE HOME ... GMAC reneges on "approved" modification after 3 trial paymentsThis Update: Today we were told our home was approved for foreclosure! We are only behind on our payments because we made the trial payments which were less than our contractual payment. If GMAC would have followed through on our loan mod ... Need help! GMAC Mortgage! At that time, I began the process to do a loan modification with both GMAC and NACA. Each time I call either GMAC or NACA, I am told that my file is incomplete. Now, my file is finally complete with both organizations, ..... they will tell you it has to be permanent but 3 yrs is the requirement, though nobody can ever prove that, or at least I haven't heard of it. You have options if you want to keep the home and I know the situation is stressful but try not to panic. ... Need help! GMAC Mortgage! At that time, I began the process to do a loan modification with both GMAC and NACA. Each time I call either GMAC or NACA, I am told that my file is incomplete. Now, my file is finally complete with both organizations, and I am being told to WAIT. ..... You have options if you want to keep the home and I know the situation is stressful but try not to panic.... I just called GMAC and they are sending a breach of contract letter with a January 28 expiration date. ...
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