| Re: Another GMAC mortgage....stop paying, or short sell??
From my recent experience. Once you are late on the first payment, GMAC will open up a case for you. Then they will find out who your investor is. If it's Fannie Mae as *** mentioned, the GMAC rep will come back and say you need to be 3 months behind for them to even consider moving forward with a modifiaction request. I was told by the HOPE rep at GMAC that her last 2 loan mod requests to Fannie mae were denied. Way to encourage me:-( |