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Bibby · 06-02-2008, 08:33 AM

Hi surreal,

Thanks for staying in touch. Your support and concern is much appreciated. Sorry for the delay in getting back to you. I've been emailing and sending mail everyday since we last spoke. My email/mail package included: QWR talking of my experience with GMAC and the attempts I've made in trying to reach someone, etc., market comparables since my loan origination, my ideal loan situation detailed out, and an explanation of how I got to this point.

Finally two people Loss Mitigation left me messages. I returned both their phone calls and someone called me back right away. He was really nice and believed they could help. He went through two different loan modification scenarios and said he would be submitting the proposal to the investors for approval. He is hoping to have this process completed by 6/15/08. So, all I can do now is wait. He did indicate that at this time, GMAC is not offering to reduce principal balances to fair market value, but they are offering lower interest rate when modifying to compensate. So, keep praying for me surreal and wish me luck!

I believe loss mitigation is located at Homecomings in Dallas,TX and that is where Javid Jaberi is located. For all those who have GMAC or trying to reach Homecomings, below is updated contact information. I'm advising that everyone take notes of your conversations or your attempts in trying to reach someone at GMAC/Homecomings.

GMAC Corporate
1100 Virgina Drive
Fort Washington, PA 19034
215-682-1000
215-682-3086 fax

Homecomings Financial
2711 North Haskell Suite 900
Dallas, TX 75204
800-206-2901
800-399-2690 fax

CEO is David Applegate.

06-02-2008, 08:33 AM	#7 (permalink)
Bibby Member Join Date: May 2008 Posts: 11 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: GMAC Modification Attempt Hi surreal, Thanks for staying in touch. Your support and concern is much appreciated. Sorry for the delay in getting back to you. I've been emailing and sending mail everyday since we last spoke. My email/mail package included: QWR talking of my experience with GMAC and the attempts I've made in trying to reach someone, etc., market comparables since my loan origination, my ideal loan situation detailed out, and an explanation of how I got to this point. Finally two people Loss Mitigation left me messages. I returned both their phone calls and someone called me back right away. He was really nice and believed they could help. He went through two different loan modification scenarios and said he would be submitting the proposal to the investors for approval. He is hoping to have this process completed by 6/15/08. So, all I can do now is wait. He did indicate that at this time, GMAC is not offering to reduce principal balances to fair market value, but they are offering lower interest rate when modifying to compensate. So, keep praying for me surreal and wish me luck! I believe loss mitigation is located at Homecomings in Dallas,TX and that is where Javid Jaberi is located. For all those who have GMAC or trying to reach Homecomings, below is updated contact information. I'm advising that everyone take notes of your conversations or your attempts in trying to reach someone at GMAC/Homecomings. GMAC Corporate 1100 Virgina Drive Fort Washington, PA 19034 215-682-1000 215-682-3086 fax Homecomings Financial 2711 North Haskell Suite 900 Dallas, TX 75204 800-206-2901 800-399-2690 fax CEO is David Applegate.