Jump to content

GMAC 2nd mortgage settlement


Recommended Posts

I'm working on a settlement with GMAC on a 2nd mortgage I had for a house that foreclosed 2.5 years ago..

I'm looking for help with the language to use when demanding they change how they are reporting the debt to the 3 major credit bureaus. According to a loan officer I spoke with, once the 3 year mark hits I will be able to acquire another loan for a home purchase as long as this negative listing is marked as payed. The current status on my credit report is "Charged-off" but it still reports the balance of 33K.

What specific language should I use in my settlement offer?

Yes, I looked into my state law, I am responsible.

Edited by brainded
Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.