GMAC Mortgage providing false info to bankrupcty court, over-charging fees, missing payments, cashing payments after due date are just a few problems I have endured Horsham Pennsylvania

yes you are right tell your ex coworkers that gmac is sinking and we are going to take them down one peg at a time

i realize that some of the storys on here are the borrowers own fault its their own short commings that caused some of there problems but let me ask you this

first does gmac have the right to take monies from people to put in escrow accounts and then never send the funds to the insurance companys to pay for insurance that they had been paying for almost 8 yrs even when there were several notices and god knows how many phone calls to them telling them pay the fricking insurance or it will be cancelled they did this to me (READ MY STORY GMAC DEAF DUMB AND BLIND AND LOOK FOR THE EMAIL ADDRESS IN IT CONTACT ME)

second do they have the right to hold payment checks for three months then cash them all the while sending out foreclosure noticies saying we havent got your check yet well guess what i have copies of those checks and it clearly showes gmac cashed the checks late so i have them by the nuts on that account too

this lovley corp likes to send out letters stating gmac is aware of the problem and is working to correct it well thats bull s**t no one at this company follows the rules they dont give a dam they have their dirty little hands in every bodys pocket this is why hud and the rest of the agencies that are supposed to help the consumer wont do a dam thing about gmac they are to big well guess what the bigger they are the harder they fall and im going to do my best to take them down

and you you have the nerve to come on here and defend these people if you have the balls i challange you email me the location of the ceo for gmac give me his phone number give me anyones direct phone number who has some clout and might help us out i have been in court since 2003 some have been there longer iam not going to let them stall me they have already done their damage to me and the rest of you start emailing me we need you we cant take them apart with out remember the more people we have the better it looks when this comes out in the news right now they think we are just a bunch of winers

I'll try to post my "location" again.

anonymous_gmac_employee@yahoo.com

My address was removed from my last post and I read the reasons that such steps are taken.
I understand them but still, there is info that I won't post on here to protect myself and the people that still work there.
If there is anything that might help you that you cannot seem to obtain from this site or by speaking to the dufuses that work the GMAC phones, you can feel safe in that I am an idividual not a mass e-mail machine. :)

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.

My address was removed from my last post and I read the reasons that such steps are taken.
I understand them but still, there is info that I won't post on here to protect myself and the people that still work there.
If there is anything that might help you that you cannot seem to obtain from this site or by speaking to the dufuses that work the GMAC phones, you can feel safe in that I am an idividual not a mass e-mail machine. :)

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.

My address was removed from my last post and I read the reasons that such steps are taken.
I understand them but still, there is info that I won't post on here to protect myself and the people that still work there.
If there is anything that might help you that you cannot seem to obtain from this site or by speaking to the dufuses that work the GMAC phones, you can feel safe in that I am an idividual not a mass e-mail machine. :)

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.

My address was removed from my last post and I read the reasons that such steps are taken.
I understand them but still, there is info that I won't post on here to protect myself and the people that still work there.
If there is anything that might help you that you cannot seem to obtain from this site or by speaking to the dufuses that work the GMAC phones, you can feel safe in that I am an idividual not a mass e-mail machine. :)

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.

I worked for the Horhsam PA office of GMAC for 6 years. This is where the defaulted loans are handled and the Forclosure (FC) and Bankruptcy (BK) loans are serviced.

I occasionally surf the web looking for dirt on them and came across this on Google. As I read I actually got frustrated with the AUTHORS because it reminded me of every uninformed debtor(thats what you'r referred to as)that I spoke to while I was there. IN NO WAY AM I STICKING UP FOR THEM but here is the story......

GMAC has every right to collect money from you while you're in BK. As a matter of fact that what the BK is for. If payments are not made to them then they can file a Motion for Relief of Stay. This is all in your mortgage docs that no one, me included, ever reads.

Attorney fees are charged to the debtor for anything that GMAC has to argue with the court. This too is in the docs. The fees do not go to GM rather are reimburssed to them since they've already paid the loacal state attorneys.

in 2003-2004 GMAC took on a new servicing system and chnaged its phone format as well. Calls now go to a 'call center' where, yes, retards are employed. These same retards then are 'promoted' to the actual handling of the loans.

Look I could go on forever. I still have friends there. Good people who are actually feverishly looking for jobs as this is clearly a sinking ship and has been poorly run for at least the last 3 years.

I can answer what you like on here (now that I know it exists)

names, phone numbers, supervisors (although, they're not much smarter)and even e-mail addresses.

Contact me if you need to.

Dawn

anything you get off these BUTT MUNCHERS is a moral victory for not only you, but for everyone who has been bullied by their lender.

keep up the good work!!!

Congratulations Dawn. It looks like you're ride on Gmac's Mortgage Merry-Go Round is almost over. Your success serves as an inspiration for all of us.

In your initial Rip Off Report you stated that your attorney estimated that GMAC owed you approximately $8,000. However, so far, it has only agreed to refund you $2,000, that's not good enough. May I suggest that you (your attorney) motion the court to order Gmac to provide an independent certified accounting of your loan payment history? Knowing Gmac's track record for book keeping more inaccuracies will probably surface.

I'm not a lawyer, but, it seems to me that Gmac should not be entitled to collect fines, penalties, late fees or attorney fee.

What, you should be made to compensate Gmac for its own accounting errors?

Three cheers for you, Hip, Hip, and Hooray, ... etcetera.

First of all I would like to say I had to file bankrupcty with my ex-husband due to his spending habit. Thus one reason for the divorse.

Second I would like to say GMAC has finally admitted their fault in not collecting money from the trustee and has recently refunded me over $2000.00. They have also cleared my credit. However they have only removed a small portion of the fee they charged me. So now my attorney if filing a motion. Them admitting there blame was half the battle.

I will let you know how the rest goes soon.

Virginia.

thankyou for your candid reply.

I dont get choked because someone has a diff point of view. I do it because you told her to outright ignore my post.

I know she may not be to blame here. But the facts of her case point to the true fact that she has had some financial difficulties. If they had anything to do with her mortgage or not -is unclear.

my hope is that we take a look at the most important thing. Her finances. Perhaps there is NOTHING WRONG with them, but lets make sure. FOR HER . To help HER. I dont give a flying f---- about the stupid lender. I care about CONSUMERS.

If thats sorted out, then we are confident when she gets out of the 13 she will be ok.

Then, we get to the point:

She then can get a lender to 'buy out ' all of her debt that is in the cpt 13, using her property as collateral.

we just 'refinance' her out of the chapter 13, instead of her going on and on for years paying it. Its a great deal, and many lenders do it.

Call a mortgage broker or lender tomorrow and inquire.

I know you have been thru hell, and if i can help , let me know.

A Chapter 13 Buyout is a loosely termed phrase in the mortgage industry in which the debtor refinances the home and pays off the balance of the chapter 13 reorganization. The only lenders who will do this are the non-prime lenders like New Century, HSBC, First Franklin, Fremont, etc. The guidelines are a little different from lender to lender, but the following is the general idea.

The buy-out refinance MUST be approved by the BK trustee/judge. The judge must issue a court order/demand.

The Chap. 13 repayment plan usually must be at least 1 year old and the debtor has made 12 consecutive, on time payments, and must be current now.

If the mortgage is outside of the BK, it too must be current.

No foreclosure for 24 months, no Notice of Default for 12 months.

The FICO score and filing date of the Chap 13 will determine the allowable loan amount by loan to value. For instance a 620 score, filing date
The interest rate might be a little stiff, something like 8.5%-10%, but it may make sense. You REALLY have to run the numbers to justify the closing costs. You could expect to pay anywhere from 4%-7% total for closing costs, depending on another bunch of factors/guidelines.

Hope this helps!

Hello Tom,

My sincerest apology for having offended you. It was not my intention to step on your toes. It's just that I have little patience for some of the responses I read on Rip Off Report. I think yours struck a nerve causing me to be a bit more direct than I should have been. Again, I apologize.

From your stand point as a mortgage broker I can see why you advise Dawn to seek financial counseling. Dawn did not indicate why she fell behind in her payments. We can not be certain if there were extenuating circumstances, or, her income is insufficient to meet her living expenses, or, she woke up one morning and decided that she just didn't want to pay her mortgage obligation. If any or all of the fore mentioned are applicable to her situation then, yes, financial counseling would be appropriate.

It appears from her ROR that she is not is not delinquent in her payments via her Bankruptcy Plan payment schedule or the current mortgage payments she's making directly to Gmac. However, the issue is not about Dawn. The issue is about Gmac's mishandling of her account. Like thousand of other, Dawn, is being victimized by Gmac.

This company has established a pattern and made a practice of servicing their client's mortgages incorrectly. Gmac is a predatory lender whose goal is to defraud homeowners of their property. Gmac is profiteering from its unscrupulous business tactics. Gmac is guilty of mortgage servicing fraud.

As far as my qualifications are concern, I have none. However, I offer the following experience for your consideration:

1) I have been fighting with this company for seven year as a result of an escrow accounting error that they made and refused to correct
2) Gmac illegally foreclosed on my property and sold it (the sell was later rescinded)
3) I had to declare bankruptcy 3 times ( I completed my bankruptcy and it was discharged in '05)
4) Because Gmac stated that I owed it an additional $23,000 ( which the bankruptcy court has ruled Gmac is not entitled to) I am now suing Gmac in federal court.
5) My husband and I have been representing ourselves(pro se) through out this entire ordeal

But for the grace of God we would have loss our home, therefore, I have no intentions of settling with Gmac. Perhaps when I win Gmac will realize that not only am I capable of beating them but the ground work has been laid for other victims to also beat them and get off GMAC's Mortgage Merry-Go-Round.

Not to start the argument again, but I really would like to know what a Chapter 13 BUYOUT is.

Sincerely,


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.

if i came across as bringing you on the carpet i didnt mean to do it VIRGINA and i are on the same page here we are the group working to bring gmac to justice
when we fire off its because we are so frustrated that this company can do some of the things and get away with it
if you are a broker then help us out here first dont give gmac any home mortgage loans bad mouth them help some of these people get refinanced if you can (help dawn buy the house) i know virgina and myself have been at this a long long time we know more about these jerks than we want to she know a lot more things than i do and we share info and we have found that most people dont know how these companys work like it was stated
i hope you read my story GMAC DEAF DUMB AND BLIND its a long one and if you have any suggestions let me know our email address is in there contact us please thanks dan

Virginia

I see that you care for the original author. I respect that. I do as well. This is why its important to make sure she can get thru her cpt 13 . Im sure her issue with GMAC can be dealt with as well. I know if i was in her position this is what i would do. I would seek councel for my future. Not just thru the cpt 13, but to see how i can better myself for the future. Seems like basic common sense advise to me.

I am a mortgage broker, Virginia. I have also dealt with credit for 18 years. This is why i feel that i can help others, and why i come on ripoff report.

It stands to reason therefore i would have an educated opinion on the matter. Perhaps i should have stated for your benefit alone my credentials beforehand. However, i had no idea that i would be 'called on the carpet ' somehow to explain myself in this regard. Most people just post their opinion here, and dont owe an explanation for what they say to anyone.

Moreover, I would be glad to do so, but first i think its only reasonable that you yourself should now be 'called on the carpet'

I myself would never tell someone to 'ignore this guys post' or 'ignore that guys post' . I am certain most- if not all -people would agree to 'live and let live'. You have the right to post whatever you want.

So, I think it important for all of us reading this thread , that you yourself now answer some pretty basic questions.

On what grounds - and credentials -do you suggest my opinion is so worthless that you yourself suggest 'ignoring the post' altogether?

Secondly, and most obviously, what possible legitimate experience and/or credentials could you have if you dont even know what simple CHP 13 BUYOUT is?

How can you hope to advise the author, let alone also instruct her on what posts to read and ignore, when not knowing what a 'buyout' is says clearly you dont know what your talking about?

'with all due respect' of course.

A lot depends on the Chapter 13. If the mortgage was included in the Chapter 13 then GMAC is violating the automatic stay. It appears that they were not included as any competent attorney would have immediately contacted the trustee in reference to the stay violation.

Tom had one good idea. Most people, even those without financial problems, have little idea where their money goes. They live from "paycheck to paycheck" and do not understand where the money they have remaining has gone when they are broke a week before their next payday.

To the OP. You and your wife carry a small notebook for a month. Write down EVERY penny you spend outside of the bills you pay. What you will very likely find is you are spending a LOT on unnecessary items. For example - Work 5 days a week - daily: $1.25 for coffee at work, $1.00 for a soda at work, fast food for lunch once a week $6.00. If you both work this is $138.00 per month spending that can be avoided. A lot of money that could go to bring your debts down.

While that may not be your exact spending profile, it is typical of most people. We spend between $100 and $200 a month on things such as this that could be reduced to about $50.00 if we took drinks, lunch etc. to work.

Dan

I am not here to tarnish nor have anyone feel as though i am careless or heartless. I like to think of myself as an amatuer 'consumer advocate' of sorts. I have a lot of experience in credit and just want to help.

In the original authors case, it appeared to me his best option was to sit down with the professional and deal with his finances. It doesnt take away from his problems with his misbehaving lender, but dealing with his end is paramount to his financial recovery. With the protection of chpt 13, they cant sell his house regardless.

As for your case, i am sorry for what this idiot lender did to you. It should never happen. I hope you do get your justice as you deserve as it sounds to me like GMAC has some serious problems.

Dawn, with all due repect to Tom, I suggest you ignore his comments. Even if you did fall behind on your mortgage payment you did the responsible thing by filing for bankruptcy. It appears that you are honoring your part of the bankruptcy contract (Bkc) by paying your money to the trustee as agreed upon.

However,Gmac is breaching the the terms of your Bkc contract and is therefore in violation of the automatic stay. I suggest that you request the court to order Gmac to pay for an independent accountant to audit and certify the accuracy of your entire loan payment history. This is not an unreasonable request considering Gmac's history of keeping inaccurate accounting records.

Virginia, Miami Springs, FL

p.s.
Tom, with all due respect, what is a "bankruptcy buy-out?"

well some of the things you say here are possibly true but and its a big BUT you have not been dealing with gmac as we have been gmac has the worse record keeping system that i or my accountant has ever seen over the past four years i have found that gmac has

1 held onto customers checks way beyond their due dates2 cashed their checks and then charged them unexsplainable fees that no one at gmqac can tell you about

3 they have forclosed on homes for no reason other than their own errors

4 they will never give you a correct anwser about your account because they are all directed to phone call centers that have idiots working in them

5 and no one will ever call you back when they say they will

gmacs system is set up so that we fail period they do not give a dam about us as long as we keep feeding them the cash to make money so the anwser to this is stop feeding the monster tell everyone to not buy their cars,finance homes with them,etc then they will die and go away one way or another

tom my home is gone i have two breif cases full of evidence that is in gmacs own accounting records i have copies of checks showing how and when theycashed the checks they say they never got when they did i have names and phone numbers of people that i spoke to at gmac who are now no longer with gmac even their own attorney has not anwsered the courts in my case and is now in contempt with them as to why and when will they settle my case

she has had 60 days to anwser and that was sept of 2005 whay you ask because gmac doesnt give a dam so to you dawn good for you keep fight these bastards you have one round one so far keep going we are behind you 100 percent

I am sure GMAC has their issues, and i dont want to take anything away from your hurt in that regard.

However, from what i have read, this is actually about your inability at this time to live up to your financial commitments. The issue with GMAC and everything else should take a back seat here -as long as you are in cpt 13.

You need to sit down with a financial professional, who can examine your spending habits, job stability and other factors. Hopefully you will be able to catch up on your debts and put this behind you.

You may find however, that there could be glaring errors in your budget, and selling your home and downsizing may alleviate future problems. you may find other areas that can help you pay your bills promptly, so you never give a creditor an 'exuse' to trump up your bill with 'late fees' attorney fees etc.........

If you do decide to carry on with your home, you should find out what your FICO score is and consider refinancing your house and all your bills via a 'chapter 13 buyout' . Most lenders do require you to be in the chapter 13 for a stretch, and have made every payment as directed by the trustee.

hope this helps.

I am sure GMAC has their issues, and i dont want to take anything away from your hurt in that regard.

However, from what i have read, this is actually about your inability at this time to live up to your financial commitments. The issue with GMAC and everything else should take a back seat here -as long as you are in cpt 13.

You need to sit down with a financial professional, who can examine your spending habits, job stability and other factors. Hopefully you will be able to catch up on your debts and put this behind you.

You may find however, that there could be glaring errors in your budget, and selling your home and downsizing may alleviate future problems. you may find other areas that can help you pay your bills promptly, so you never give a creditor an 'exuse' to trump up your bill with 'late fees' attorney fees etc.........

If you do decide to carry on with your home, you should find out what your FICO score is and consider refinancing your house and all your bills via a 'chapter 13 buyout' . Most lenders do require you to be in the chapter 13 for a stretch, and have made every payment as directed by the trustee.

hope this helps.

I am sure GMAC has their issues, and i dont want to take anything away from your hurt in that regard.

However, from what i have read, this is actually about your inability at this time to live up to your financial commitments. The issue with GMAC and everything else should take a back seat here -as long as you are in cpt 13.

You need to sit down with a financial professional, who can examine your spending habits, job stability and other factors. Hopefully you will be able to catch up on your debts and put this behind you.

You may find however, that there could be glaring errors in your budget, and selling your home and downsizing may alleviate future problems. you may find other areas that can help you pay your bills promptly, so you never give a creditor an 'exuse' to trump up your bill with 'late fees' attorney fees etc.........

If you do decide to carry on with your home, you should find out what your FICO score is and consider refinancing your house and all your bills via a 'chapter 13 buyout' . Most lenders do require you to be in the chapter 13 for a stretch, and have made every payment as directed by the trustee.

hope this helps.

I am sure GMAC has their issues, and i dont want to take anything away from your hurt in that regard.

However, from what i have read, this is actually about your inability at this time to live up to your financial commitments. The issue with GMAC and everything else should take a back seat here -as long as you are in cpt 13.

You need to sit down with a financial professional, who can examine your spending habits, job stability and other factors. Hopefully you will be able to catch up on your debts and put this behind you.

You may find however, that there could be glaring errors in your budget, and selling your home and downsizing may alleviate future problems. you may find other areas that can help you pay your bills promptly, so you never give a creditor an 'exuse' to trump up your bill with 'late fees' attorney fees etc.........

If you do decide to carry on with your home, you should find out what your FICO score is and consider refinancing your house and all your bills via a 'chapter 13 buyout' . Most lenders do require you to be in the chapter 13 for a stretch, and have made every payment as directed by the trustee.

hope this helps.

I find it hard to believe that GMAC could be so stupid and/or arrogant as to come after you while your under the protection of the bankruptcy court.

It is even more difficult to understand how your first attorney would even considered advising you to pay GMAC. She's an idiot and needs to be disbarred. Report her to the local Bar association.

You say your new lawyer is ready to kick some butt, what's the hold up. What action(s)is this person taking? Has he filed a motion for contempt and requested that GMAC be sanction for violating the automatic stay?

Your case is a slam dunk. Gmac is forbidden from doing anything to harm you while you are in bankruptcy including attempting to collect money from you, reporting you late to credit agencies, assessing late fees, ...ect.

This is your opportunity to get off GMAC's "Mortgage Merry-Go -Round." File a motion with the Bankruptcy Court and tell the court what GMAC is doing to you, AGAIN!

Also, consider amending your bankruptcy Plan Payment to include your current monthly mortgage payments. This will give you additional safeguards against GMAC.

Please reply to this rebuttal and let everyone know how you're doing. I will try to respond to any questions you may have. I have been dealing with this company for seven years.

The information and suggestions I offer should not be considered legal advice. I am not a lawyer. If you need legal advice please contact an attorney.

Good Luck and God Bless,