GMAC Loan Modification

[Joel Fraser]

Hello All. I stumbled across your website a few weeks ago and boy, am I glad there is so much support here. I'm sure this will make it a little easier for me to deal with it. Let me tell you a little about my story... Earlier this year, our son got diagnosed with Hodgkin's Disease. Due to the constant hospitalization and medication, I had no choice but to quit my job and take care of him full time. My husband worked extra hours and a second job to compensate for my salary. It was enough to pay the bills and get by. In June, our loan adjusted and added another $700 per month. With this being the case, we just fell behind. Currently, we haven't paid July, August and September. We have enough to pay for July. However, we are not sure if that would help us out at all. I faxed over all the documents and pay stubs that the loss mitigation department needed. I followed up and talked to a Greg who says that it will take 5 to 6 business days to review any of the faxes. I would appreciate any recommendations and comments on what to do. Thank you, Kitty Kat