Loans, Debt & Credit - View Single Post - GMAC has been great, but now you have me scared

vavivo · 08-30-2009, 08:00 AM

Hi everyone!
I was never late on my GMAC mortgage, but knew the day was coming.
I applied for MHA loan modification at the end of march.
I was approved for a trial mod at the end of April.
I was told to skip my May payment and pay 4 trial payments on 6/1, 7/1, 8/1 and 9/1
I made all my payments before the due date over the phone.
I made the last payment for Sept on Aug 24th.
I was told to wait for my permanent mod paperwork and if I don't receive it by Oct 1st just be prepared to make another trial payment.

I thought things were going very smoothly, but after reading all of your stories I'm afraid they are going to turn around and find some excuse not to modify my loan permanently.

By the way my payments went from 1690.00 to 1250.00!

08-30-2009, 08:00 AM	#1 (permalink)
vavivo Senior Member Join Date: Aug 2009 Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	GMAC has been great, but now you have me scared Hi everyone! I was never late on my GMAC mortgage, but knew the day was coming. I applied for MHA loan modification at the end of march. I was approved for a trial mod at the end of April. I was told to skip my May payment and pay 4 trial payments on 6/1, 7/1, 8/1 and 9/1 I made all my payments before the due date over the phone. I made the last payment for Sept on Aug 24th. I was told to wait for my permanent mod paperwork and if I don't receive it by Oct 1st just be prepared to make another trial payment. I thought things were going very smoothly, but after reading all of your stories I'm afraid they are going to turn around and find some excuse not to modify my loan permanently. By the way my payments went from 1690.00 to 1250.00!