- Report: #421964
Complaint Review: GMAC Mortgage / Dietech - Irvine California
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GMAC Mortgage / Dietech
Irvine, California, U.S.A.
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GMAC Mortgage / Dietech - Line of Credit Cancelled Illegally Irvine California
GMAC is claiming that they sent my January billing in the same envelope as my 2008's 1098 form -which they did not. I have the 1098, but no billing. As a result I missed the $100 monthly payment on my $20,000 line of credit. They did not sent me a late notice or any other warning, they simpily immediatly cancelled my total line of credit (and will probably now try to increase the interest rate on the remaining $5,000 balance).
What a ripoff. I have very substantial equilty in my home (15% loan to value), never missed a payment since inception of both my1st of 2nd TD's many years ago. I always paid more than the amout billed (on both the 1st and 2nds (with GMAC/Ditech)....and because they failed to mail me my monthly statement, as they have done for years, my credit is dinged and I will have to pay more loan fees to get another line of credit for emergency situations.
In my opinion, GMAC did this on purpose to get out of their loan liabiltiy to me. Its simple racketeering on the part of a big bank. Is anyone else having this issue with GMAC or Ditech ?
David
Calabasas, California
U.S.A.
What a ripoff. I have very substantial equilty in my home (15% loan to value), never missed a payment since inception of both my1st of 2nd TD's many years ago. I always paid more than the amout billed (on both the 1st and 2nds (with GMAC/Ditech)....and because they failed to mail me my monthly statement, as they have done for years, my credit is dinged and I will have to pay more loan fees to get another line of credit for emergency situations.
In my opinion, GMAC did this on purpose to get out of their loan liabiltiy to me. Its simple racketeering on the part of a big bank. Is anyone else having this issue with GMAC or Ditech ?
David
Calabasas, California
U.S.A.
2 Updates & Rebuttals
Daniel
Ft Lauderdale,Florida,
U.S.A.
my coffee is now deluted from tears of laughter
#2Consumer Comment
Tue, February 10, 2009
david david thanks for the morning laugh dear boy if you knew the payment was due send it you dont need their billing statement to send in a payment this story should be removed david you made the mistake stop blaming others for your short commings learn from this and move on .
Christiana
Cincinnati,Ohio,
U.S.A.
Question
#3Consumer Comment
Tue, February 10, 2009
You knew you had a payment to make with them, so why are you blaming them? You failed to do so, so according to their terms, you defaulted.
