GMAC 2nd mortgage question - Loan Modification Forum

BellR · 03-23-2009, 11:01 AM

I found out that our 1st mortgage with GMAC has been approved for a short sell. Now I am told I have to wait to see if they approve it for our 2nd mortgage. Both mortgages are with GMAC. Does anyone know if it is hard to get a 2nd mortgage approved after the 1st one is approved?
Thanks!

fallacy · 03-29-2009, 10:37 PM

Did you have to go through a lot hoops to get the short sale approved? I too have two mortgages with GMAC. Did you have to contact Mr. Neuman?

Thank you.

03-23-2009, 11:01 AM	#1 (permalink)
BellR Member Join Date: Mar 2009 Posts: 6 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	GMAC 2nd mortgage question I found out that our 1st mortgage with GMAC has been approved for a short sell. Now I am told I have to wait to see if they approve it for our 2nd mortgage. Both mortgages are with GMAC. Does anyone know if it is hard to get a 2nd mortgage approved after the 1st one is approved? Thanks!

03-29-2009, 10:37 PM	#2 (permalink)
fallacy Senior Member Join Date: Jan 2009 Posts: 56 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: GMAC 2nd mortgage question Did you have to go through a lot hoops to get the short sale approved? I too have two mortgages with GMAC. Did you have to contact Mr. Neuman? Thank you.

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