Ditech - GMAC Mortgage GMAC Mortgage This company would rather have us file bankruptcy than get their loan paid in full. Internet

In May of 2005, my husband and I took a second mortgage on our home through ditech. We have been too embarrassed to tell anyone what we did, untill now. We both had great credit scores and never late on anything, but because of medical reasons the promise of quick money sounded good.

The breakdown goes like this:borrowed - $67.500.00                                       

interest rate 12%  / loan term for 300 months

monthly payments - 710.93

pay off in 2030 -$213.230.00

Starting in January of this year, my husbands job has cut their hours and their pay and we have been able to keep up with everything except ditech. Our last payment to them was in June so I called ditech in July to explain the circumstances. We want to pay them off in full using our 401k.

Ditech wants us to keep going to our 401k every couple of months and withdrawing money to pay them. All we needed was a letter from them for the 401k stating the full amount owed that could be foreclosed on for a hardship withdrawal. They will not do that even though I've told them we can no longer make monthly payments.

We want to pay them , we do not want to file for bankruptcy since ditech is the only problem. An attorney told us we would have to file on everything but we don't want to do that. Ditech says they could take our house. With 1 letter, they could be paid.

The only letter they keep sending is a notice that we are 3 months late and they could forclose on that amount. I've talked to them untill I'm blue in the face but they don't care. We're going to end up loosing our home and our good credit because ditech, I don't think, wants us to pay them off. They are collecting too much interest.

In just over 4 years, the loan has gone down only $2000.00. The last time I talked to someone there, they accused me of trying to get them to commit fraud because they don't have a letter like I'm asking for.

I would never tell anyone to use ditech, even someone I don't like.