[RainyTea]

We can't pay our mortgage and have decided to let our house that we have lived in for 4 1/2 years foreclose due to not being able to pay our mortgage. Our mortgage company is GMAC, and I was just wondering how long it takes for them to foreclose or kick us out. I was thinking by March or April it would happen...? Also I think by the end of December we should get our foreclosure letter. When would we be kicked out? Thanks!we decided not to sell in this market and where we live, houses arent selling fast.

[John2010]

Hope this helps as many as it has helped my family, We got denied a modification from gmac, so we contacted a company called HOPE in south florida, which is a non-profit organization that assisted us through the whole process untill our loan modification was complete, great company and service, they charge nothing to assist you, they were able to assist in lowering our mortgage balance , our monthly payment and our interest rate down to 4.2%, it took about 6 weeks to complete everything. I called 877-968-5337 and got great service hope all goes well with your situation as mine did. good luck