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I called GMAC Wednesday night at 7

I called GMAC Wednesday night at 7

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Published by Robin Postell
Enduring egregious and debilitating foreclosure threats for over a year - preceded by a forebearance agreement which was nebulous at best - I wrote this following a conversation which was in the midst of confusion regarding my foreclosure, the auctioning off of my property, and the inability to find out just what entity had purchased the property. A local real estate agent from the Herndon Company in Valdosta, GA had been by my house the day after the auction banging on both my door and that of my tenant's who resided in an annex "guest apartment," offering both of us money ($500 to begin with, finally increasing to $1000) to get out as soon as possible. CASH FOR KEYS, I discovered through quick research, was common. Still, I was not told who had bought the property, although recently upon reviewing the documents again I realized at the top of one HERNDON-related document it stated my property was a "FANNIE MAE Property." I quickly discovered that RFC had "purchased" my property at the auction, although this was strange to me since GMAC had been the entity I'd been sending payments to - and I knew had bought RFC during the period when they were determined to get mortgage-lender status which would make them eligible for government bailout money --- of which they received billions. So much so, in fact, that the U.S. government ended up being a 57% owner. RFC is the lending arm of GMAC, and GMAC-RFC has been working together tirelessly during the last decade or more to spread internationally. When reading this document, please note that I was unaware that RFC had "bought" the property. As it stands to date, I am connecting the dots, realizing that the attorney firm McCurdy & Candler handling the foreclosure along with O'Kelley & Sorohan are targeted as predatory lenders - and property flipping is as common and accepted as their intentionally unethical behavior.
Enduring egregious and debilitating foreclosure threats for over a year - preceded by a forebearance agreement which was nebulous at best - I wrote this following a conversation which was in the midst of confusion regarding my foreclosure, the auctioning off of my property, and the inability to find out just what entity had purchased the property. A local real estate agent from the Herndon Company in Valdosta, GA had been by my house the day after the auction banging on both my door and that of my tenant's who resided in an annex "guest apartment," offering both of us money ($500 to begin with, finally increasing to $1000) to get out as soon as possible. CASH FOR KEYS, I discovered through quick research, was common. Still, I was not told who had bought the property, although recently upon reviewing the documents again I realized at the top of one HERNDON-related document it stated my property was a "FANNIE MAE Property." I quickly discovered that RFC had "purchased" my property at the auction, although this was strange to me since GMAC had been the entity I'd been sending payments to - and I knew had bought RFC during the period when they were determined to get mortgage-lender status which would make them eligible for government bailout money --- of which they received billions. So much so, in fact, that the U.S. government ended up being a 57% owner. RFC is the lending arm of GMAC, and GMAC-RFC has been working together tirelessly during the last decade or more to spread internationally. When reading this document, please note that I was unaware that RFC had "bought" the property. As it stands to date, I am connecting the dots, realizing that the attorney firm McCurdy & Candler handling the foreclosure along with O'Kelley & Sorohan are targeted as predatory lenders - and property flipping is as common and accepted as their intentionally unethical behavior.

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Published by: Robin Postell on Mar 14, 2011
Copyright:Attribution Non-commercial

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02/01/2013

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