GMAC Modifiction Attempt on 1st and 2nd.

[Joel Fraser]

First off I want to say Thank you to Moe for starting this site. I have been glued every day for the last two months and finally have the courage to start fighting for my family. I started to do research on loan modification after a friend of mine who was in foreclosure told me about a real estate person charging $2000 to do exactly what everyone is doing here on line for free. Per the person, she would try to modify existing loans no matter how long it took her and she already had her contact with each lender...blah, blah, blah. I am an observer of sorts and told my friend to let me know how it turned out while I did my own research. My friend got her loan modified and the home was not foreclosed on but based on conversations with this real estate rep, it wasn't anything different than everyones attempts here starting with the QWR. So here starts my story of my loan modification attempts.. I have both my mortgages with GMAC. The stats on our current loans are as follows: Property in Wildomar, CA. GMAC 1st mortgage $375,628.86 30 year ARM 6.875% min payment $2152.35 GMAC 2nd mortgage $45,851.89 year ARM 8.4% min payment $ 358.06