Comments on: Capmark, Formerly GMAC Commercial, Files For Bankruptcy http://www.therealestatebloggers.com/2009/10/27/capmark-formerly-gmac-commercial-files-for-bankruptcy/ Real Estate Blog, Mortgage, and Development News Mon, 15 Mar 2010 16:46:56 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Barney T. Giddens http://www.therealestatebloggers.com/2009/10/27/capmark-formerly-gmac-commercial-files-for-bankruptcy/comment-page-1/#comment-414561 Barney T. Giddens Wed, 28 Oct 2009 16:28:27 +0000 http://www.therealestatebloggers.com/2009/10/27/capmark-formerly-gmac-commercial-files-for-bankruptcy/#comment-414561 Dear Sir/Madam , ( please answer ) Explain to me how the RESIDENTIAL side of GMAC ( which received bail out monies-my tax dollars )Can take my money and foreclose on my home ? I am 72 years old , lost 23 yrs. of employment and my wife is on dialysis three days a week fighting for her very life. It was a sub-prime , ARM ,convential,no provision for default ,10.5 % on 1st, and 8.5 % on 2nd with a balloon payment of 108,000 @ maturity when I am 98 years old ! GMAC and anyone connected to them is going down the tube for this kind of loan. There is no defense from my Heavenly Father ! GMAC and all their buddies are playing hardball with the Alpha & Omega ! HE is the one holding all the " ACES " It was racial profiling and predatory lending of the highest order! Barney &Wanda Dear Sir/Madam , ( please answer )
Explain to me how the RESIDENTIAL side of GMAC ( which received bail
out monies-my tax dollars )Can take my money and foreclose on my home ? I am 72 years old , lost 23 yrs. of employment and my wife is
on dialysis three days a week fighting for her very life. It was a
sub-prime , ARM ,convential,no provision for default ,10.5 % on 1st,
and 8.5 % on 2nd with a balloon payment of 108,000 @ maturity when
I am 98 years old ! GMAC and anyone connected to them is going down the tube for this kind of loan. There is no defense from my Heavenly
Father ! GMAC and all their buddies are playing hardball with the
Alpha & Omega ! HE is the one holding all the ” ACES ” It was racial
profiling and predatory lending of the highest order! Barney &Wanda

]]>