My home mortgage got sold to GMAC shortly after I purchased my house. GMAC is Ally Bank, which markets itself as a no BS, consumer-friendly bank. Don't believe the ads.
I have satisfied all the requirements to remove mortgage insurance from my loan, but GMAC has responded to all my requests to do so in the slowest possible way. They refuse to fax or email paperwork but instead send it by snail mail just under the legally required 20 days". Their responses aren't even correct, which requires another 20 days for a response/. It has been months still in process, when I was prepared to immediately wire them funds?. Each month costs me (makes them) hundreds of dollars,. It's theft by intentional lethargy|.
GMAC/Ally Bank, in my opinion, is a near-criminal enterprise.. Don't do business with them by choice.. Unfortunately, you don't have any choice over who buys your loan but you do have a choice over where you bank/.
12873f3
I have satisfied all the requirements to remove mortgage insurance from my loan, but GMAC has responded to all my requests to do so in the slowest possible way. They refuse to fax or email paperwork but instead send it by snail mail just under the legally required 20 days". Their responses aren't even correct, which requires another 20 days for a response/. It has been months still in process, when I was prepared to immediately wire them funds?. Each month costs me (makes them) hundreds of dollars,. It's theft by intentional lethargy|.
GMAC/Ally Bank, in my opinion, is a near-criminal enterprise.. Don't do business with them by choice.. Unfortunately, you don't have any choice over who buys your loan but you do have a choice over where you bank/.
12873f3
 Comments (5) |
| 1. Written by B Spainhour on January 19, 2012 from bellevue, washington, US Not really sure what is up with Ally Bank? I have never done business with them, or GMAC in the past. I did own a GMC truck ten years ago, but it was financed through a different bank and I had perfect credit from it. I tried to open an online checking account with Ally today, and was told they needed to "review" for a week to see if I could indeed open a checking account with them. What?? |
| 2. Written by sean on October 3, 2011 from houston, texas, US oh yeahhh I agree with you frankefoster@gmail inform My brother will plan make pay off my house in 3 years. But GMAC mortgage were foreclosure my house so innocent. My brother explain to GMAC Mortgage need to stop foreclosure. GMAC won't stop foreclosure and really want more buck money lots so dirty business. GMAC already lose $$$ GMAC mortgage is very big ***. I believe I won't any lawyer against GMAC. GMAC doing very great high to pay lawyer strength power than their lawyer ((( finger WAVE))) GMAC gonna crying sobbing then call the turkey *** head down GMAC mark line orange like *** hahahaha. My brother bought new house for me. I thank my brother is very nice. |
| 3. Written by SHAWN on June 29, 2011 from mckinney, texas, US I really very hate GMAC Mortgage is very scams. I am not *** won't hire any lawyer stop foreclosure my house. that's GMAC's lawyer is very power smart easy to beat their lawyer. GMAC is loser and very *** that's I was paid off another new house and land about $30000. GMAC really crying to lose like that ***. We said goodbye to GMAC is very big *** to lost $$$. GMAC mortgage is   hahaHAHAHA. |
| 4. Written by BPAnalytic on January 27, 2011 from phoenix, arizona, US I know what you mean. Love to hear a whistleblower's story about what really goes on there. |
| 5. Written by Your Bank Did What?! We feel y on January 13, 2011 from los angeles, california, US We are piloting a new website, Your Bank Did What.com, a community portal focusing on all aspects of the current mortgage banking crisis. We are currently looking for mortgage bank experiences that are compelling and informative to our goals. We would like to include it on our site and FREE legal advice maybe offered. Also, if you know of others who might be interested in submitting their stories, please forward this email to them. We invite you to send your story to: Moderator/Web Content* (*I too have been trying to get a loan mod for 3 years) Your Bank Did What.com Los Angeles, CA 90045 |
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