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Originally Posted by overallthisbs  yes good point, maybe we can make this a "sticky" to see other people results specifically with this plan as time progresses?
another question, do you need to specifically apply for this plan? from what I have seen, you basically call your lender and ask about the plan and if they want to participate then they will. |
With GMAC, we've had to apply. We called and inquired about it. They verbally confirmed that we've had a loss of income and owe more on our home than it's worth, and then they mailed out a "package" that we had to fill out and return within 10 days. They then have 10 business days to review it and call us with our options.