GMAC MORTGAGE REMODIFICATION LOUISVILLE, Kentucky
A Federal Investigation should be done on GMAC. Please don't be surprized when more people loss their homes, foreclose, or file bankrupcy. The mortgage companies are giving out bogus modifications, so they can get Government money. I went to GMAC as soon as i found out that my income was dropping and requested a modification, of course i didn't qualify for the Obama plan, then i would still be able to afford my home. First, i paid $240,000.00 at 5.25%, now is home is worth $154,000.00 and selling for $89-99k. i received a Congradulation letter lowering my payment by $122.00 at 4.25%, which sounds more like a refinance than a modification. if anyone can help me, i have a ton of paperwork.