GMAC Discussions (82)

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GMAC - Have you gotten approval on sale where homeowner was CURRENT?

The last GMAC I did was last year and the homeowner was WAY behind.  I have a new sale coming up where the homeowner is current but has a c…

Started by Smitty

2 Jun 23, 2011
Reply by Smitty

GMAC 3rd & REDC Party Negotiator

I have completed many, many short sales.  I just submitted a GMAC short sale package directly to GMAC.  I was shortly thereafter contact by…

Started by Pamela Lester

10 Jun 10, 2011
Reply by Pamela Lester

GMAC short sale buyer (potentially)

Great forum guys. I've learned a lot. (I am a buyer - not an agent)   We made an offer under asking price about 2 weeks ago.  We have not r…

Started by Mike Gowan

3 May 27, 2011
Reply by Maya Thomas

GMAC & Equator

I have been working on a GMAC 2nd for a while now.  Yesterday morning, I entered into Equator the last bit of information.  I went in last…

Started by Cathy McAulay

3 May 3, 2011
Reply by Lillie Handy Dominguez

Closed a GMAC Short sale

Mortgage balance: $292,500 Sales price: $215,000 Net to lender $199,227.06   Past HOA dues paid $950 5% commission   Contract date: 3/4/11…

Started by Jeff Payne

0 Apr 27, 2011

GMAC first won't allow seller to contribute to second (SLS)

SLS wants $8,000 (balance is 43K). The first, GMAC with FNMA as investor will only give 6% of balance. They are both willing to give full s…

Started by Susan Milner, SFR, CDPE, GRI

9 Apr 14, 2011
Reply by Greg Johnson

GMAC & Out of wack BPO value

I was just countered by GMAC on a property that has an offer of $64,900.   The values have dropped since the offer was originally submitted…

Started by Brigitte Mueller

6 Apr 14, 2011
Reply by Brigitte Mueller

GMAC NOT APPROVING SELLER ATTY/Negotiation FEES ON HUD

Anyone encounter this situation before? The lender is refusing to pay for any seller fees except for those listed below:    (excerpt from n…

Started by Andrew Coppo

1 Apr 14, 2011
Reply by Cameron Piper - Keller Williams

Has anyone gotton good contacts at GMAC?

Dear All   I have been reading through the blog and only found our dear Pamela Walsh who so generously gave us names of the executive part…

Started by Julie Wilkinson

4 Apr 8, 2011
Reply by Jamie Curtis

Here is the mother of all situations!!!

I represent the buyer. We have now been in contract for 6 weeks and gotton no where with GMAC. The sellers are husband and wife. Husband on…

Started by Julie Wilkinson

2 Mar 9, 2011
Reply by Wendy Rulnick

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