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Old 04-22-2009, 07:02 AM   #8 (permalink)
ShadowecR
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Re: Stating the process, with GMAC

ok so a little updating...

We now have an offer and it's in the hands of the bank. so far we havn't head much unless you count the letters telling us how much it will cost to get our loan up to date. Than just the other day a letter saying that if we don't get the loan up to date by the end of the week "we could loss our house" (I think it's just one dept. not knowning what the other is doing) (as well as them being required to communicate such things) hopfully that's all it is anyway.

Do to how poor our martket is our offer relects only a little less than half of what we owe! We are very concerned that the bank won't go for it than where will we be?!? As we are moving out of state this summer/fall we can't just sit there. We don't want to go through forecloser but what other choice do we have? (sorry for getting emotional and venting) anyway so that is where we are so far. On a lighter note, the bank does seem to be working with us so for, send an apriser out and everything. So now we're down to the crunch time, do or die so speak I guess. I trully hope they come through for us. I guess we'll see....

Any feedback is always helpful

~E
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