GMAC MORTGAGE Ripoff ILLEGAL foreclosure Denied Right to Cure Mishandled Payments Ignored Dispute Letters Improper Debt Collection Practices Ruined Credit HORSHAM PA

My name is Ali and I have been involved in real estate law for some time now, and GMAC is one of the biggest predatory lenders I have come across.  I have a client who has been in their mortgage for 29 years and was just notified that they have a baloon payment coming up of 280,000 dollars---- their ENTIRE principal balance, well it turns out the 30 years was ONLY interest and the ENTIRE balance was supposed to be paid at the end of the 30 years. Now I don't know about any of you but I dont know anyone who could afford to do that, or would see the point in having a loan like that. Gmac is a TERRIBLE company and I'm still floored that they haven't been federally shut down when they have harmed borrowers just as bad, if not worse than the ones who have already been raided and closed.

The first things you all need to do is not only report them to the Attorney General of your state, but report them to the Attorney Generals office of their corporate center. Then file a claim with the FTC, you can do this online. Then you need to dispute this with not only experian, equifax, and transunion but FICO as well IN writing with any documented proof you have. That usually takes around 30 days to come back and if they can't provide substantiated evidence that you are in the wrong then it'll be deleted and your scores will be recalculated. ALSO please file law suits with US HUD as well as local real estate attornies. We helped a client with GMAC win their house completely OUTRIGHT because of the same things that you all listed. Write to your senators, President Obama, News papers, make it public!

If you are still in your house currently, you have the option of modification to help you get brought to current, out of foreclosure and reduce your payments, and in some cases principal balance reduction. Please be advised that there are thousands of scams in this field driven by heartless savages who are trying to make a quick buck. If you are eligable, look into reverse mortgage- or if your note is held by Fannie Mae and you are not able to get brought to current then you can persue a deed in lieu and stay in your house and pay Fannie Mae rent, which I know isn't a good alternative, but it's better than moving you and your family to an apartment.

If you have any additional questions, or would like to tell me the entire situation then please feel free to contact me at(((Redacted)))ext 225.

I have been on a trial mod for my home and followed the directions to a tee then this last month about 2 weeks before I was to make my final payment I GET A CALL FROM THEM AN EMPLOYEE ERIC. He proceeds to tell me all is going well and that I MUST MAKE SURE MY LAST TRIAL PAYMENT ( which was due Dec 1) i must make sure it is not post marked before nov 30th and I was to send it over night.

WELL I DID JUST THAT AND THE POST OFFICE DID NOT DELIVER MY NEXT DAY LETTER AS THEY PROMISED!!!!!

I freaked out and called everyone at the usps and they said there was nothing they could do HOWEVER the post master in Lousiville did fax GMAC a letter on my behalf explaining it was the usps fault that the payment was 1 day late ( you cant be late in trial mods) I also called Maureen and betty in the supervisors office of collections and they told me to calm down it would be ok.

WELL I GOT A LETTER AND GUESS WHAT ( i WISH i COULD ATTACH IT HERE FOR ALL TO READ) THE LETTER STATES AND i AM QUOTING
THIS IS FROM THE DESK OF jESSICA KLIEN AT EXT 236*5448 AT 800 627-0128

OK SHE WRITES THE PAYMENT AMOUNT OF 966.07 WAS RECIVED dec 3RD ( SHE LIED i HAVE THE PROOF THEY GOT IT ON THE 2ND BUT DID NOT POST IT TILL DEC 3 AND THAT THEY DID ON PURPOSE TO MAKE SURE I WAS IN BREECH OF THE MOD) ANYWAY It goes on to say "Unfortunity, the late posting will prevent the modification from being completed"

I AM SOOO MAD I HAVE SUCH A STORY TO TELL BUT WHO WILL LISTEN ???IF ANYONEEEEEEEEEEE can tell me where to start I PROMISE YOU I WILL MAKE ENOUGH NOISE THAT OBAMA HIMSELF WILL INVOLVED .... I should have known something was up all of of that has to deal with GMAC knows they NEVER call us out of the blue that employee set me up and the postal system let me down now I am looking at forclouse god can anyone out there tell me how who or where to start sueing yelling ANYTHING!!!

I am going to put this letter online so that others can read it since I can not attach it here if you want to see the proof of what they are doing you can see it at http://www.facebook.com/profile.php?ref=name&id=100000576784604

my user name there is (((ROR redacted))) can also email me at (((ROR redacted)))

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

Hello to the original poster of this complaint and those who followed:

Please check out my detailed complaint submitted today - January 31, 2010 with the title of "I have been robbed by GMAC Mortgage".

I have filed complaints to this site and consumer affairs.  I also plan to write to David Horowitz and the Better Business Bureau.  I have written to Senator Barbara Boxer right after this happened (early December 2009) and still have heard nothing.  I have received a response and some support from the Department of Corporations.  It is through these avenues that I hope to get financial restitution for the $225,000.00 I stand to lose on the illegal Trustee Sale that took place on my property on December 2, 2009.

To pursue criminal restitution I am also contacting the FBI and have considered the US Attorney General (our California Attorney General, Jerry Brown is currently running for mayor of our state and do not think he will give this any time).

My real feeling about asking for action from any GOVERNMENT agency is that they will not pay this any merit as GMAC is almost wholly owned by our government right now.  Do you think the government wants to pay restitution?  And who can we go to if the government refuses to acknowledge the illegal business practices of this company?  Really their company!!!

Good luck to all who have been wronged.  I personally am not going to stop till I get back what they stole from me.

Vickie