GMAC Mortgage 's fraudulent/deceptive modification/foreclosure practices...HOW CAN THEY BE STOPPED??? Waterloo, Iowa

was submitted at this website on March 7, 2012.

Just type in 646259 at this site to see if it is available in the consumer comments section at Ripoff Report #646259.

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End.

***MORTGAGE/BANK ALERT: Don't forget to stay at this site and type in the following and read the Ripoff Reports for valuable information if you have a mortgage or a bank account in the USA-

MERRILL LYNCH
BANK OF AMERICA
MORTGAGE
GM CREDIT CARD SERVICES

Karl, thank you for all of the information & suggestions you provided.  I began working with Senator Udall's Office regarding this matter and as you suggested,  they said they would get my letter to President Obama.  They are acting as a liasion between myself & GMAC, working directly with the Executive Offices of GMAC.  This keeps me from having to speak to so many different persons with so many different, contradictive statements.  As a retired paralegal, a light bulb went off recently.  Why it didn't come to me long ago is beyond me, but when GMAC went ahead and cashed the check I wrote for the 1st payment on the modification that they subsequently denied because they stated I didn't return it in time, they essentially agreed to the modification.  They never refunded that money to me.  They actually cashed it the old-fashioned way and not electronically, so I have since gotten a copy of both the front & back of that check.  I really need a lawyer that would be willing to handle my case on a contingency basis.  There are plenty of class-action lawsuits against GMAC out there, however, client's usually aren't the ones to benefit from them.  Thanks again.

according to information available on the web.

You can 'Google' this- WHO OWNS THE FED?, and go to the site with the 5 charts and you'll see that General Motors is listed in 'Chart 3'.

Mail a copy of your Ripoff Report to President Obama immediately, so he knows what's going on. His address is available at this site. Just type in 529757 and go to 'Consumer Comment #29' at Ripoff Report #529757 and the address to the White House appears towards the end of that consumer comment.

Contact all of your Local T.V. stations and get your Ripoff Report to all of their Investigative Reporters. Maybe one of them will help you, like 9NEWS did in Denver for many homeowners. Just 'Google' this- 9WANTS TO KNOW STARTS WEEK-LONG PUSH TO HELP HOMEOWNERS, and watch the video and read the article on the web.

Good luck to you, and make sure to spread your Ripoff Report all over the web at sites like Twitter & Facebook!

A correction to my statement.  Received the modification agreement on 10/13/10 @ 12:04 P.M. via Fed Ex.  The "cover letter" stated the signed agreement was due back in their office by 10/15/10, but the actual agreement itself required the 1st payment due 11/1/10.  Of note, every cover letter that GMAC sends with the modification application itself states as follows:  "Permanent Modification:  If approved, you will receive the permanent modification document. Sign, notarize (only if required) and return within "seven (7) days" of receipt".  So even forgetting the fact that I requested & was given an extension by phone, they did not comply with their own written protocol on the seven (7) day period for returning the signed documents.  Furthermore, during the period of review for "each" modification application, as I stated, they refused to accept "any" payments from me, stating arrears would be included in the modification.  When I asked why, I was told that any payments would conflict with the information in the hands of the reviewer.  My 1st application took from  6/23/10 to approx. 11/4/10. My 2nd application took from 11/18/10 to approx. 12/29/10.  My 3rd application took from 1/26/11 to approx. 2/18/11.  My 4th application took from 5/11/11 to yesterday, 6/2/11, when I phoned & was advised that a denial was just done yesterday.  In all applications my income & expenses were basically the same...no circumstance change there.  However, you are right that the arrears are now more than they were @ original filing, but would not have been had they allowed me to reinstate my auto-pay when I originally asked to do so in July, 2010 and numerous times to this date.     

The modification agreement required that the 1st payment be made on 11/1/10, so yes, the grace period did in fact end as I said on 11/15/10. 

The person with whom I spoke assured as long as I got signed docs & payment to their office within the 15-day grace period (11/15/10), I would be okay. On 11/4/10, I received call from GMAC that my mod was denied as I did not get the docs to them in time. Tho I explained the above, didn't matter, but I overnighted signed docs & pmt to them anyway, which they rec'd 11/5/10.  

- If the payment was due on 10/15 the 15-Day grace period for that payment would be 10/30 not 11/15.  So if this is the case when they got it on 11/5 it was too late.  Then when you re-applied either your situation changed or their guidelines changed.