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GMAC short sale

What Has Changed Recently with GMAC Short Sales?

Hey guys, Kelly Cook here with the KC Real Estate Group, your :k1: short sale specialists. You can find us online at www.KellyCookHomes.com. Now we specialize in helping homeowners across the entire :k1: area find alternatives to foreclosure through the means of a short sale. The topic we are specifically addressing today is GMAC short sales. GMAC filed for bankruptcy so they are in the process of transitioning to a new marketing name of Allied Bank. I’m sure many of you have heard of Allied Bank.

GMAC still has a lot of non-performing loans on their books. So they have to do something with those loans obviously for those homeowners who aren’t in default. GMAC still works on an on-line web-based platform, which is more advanced than other banks that still use the fax and things of that nature and documents get lost. So you have to commend GMAC for that because they are a little more technically advanced. This is a good thing for us because we are able to be more organized and keep them more organized when we call in every single week to verify the next step in the short sale process.

Now we have done a lot of short sales with GMAC and developed a lot of contacts and good people that we can call on if we need to. We’ve experienced a lot with GMAC from the early days when they were really bad at short sales to getting better and now with the bankruptcy they just filed and transitioning to Allied Bank. That being said, they still work the short sales the same way and I assume they will keep the procedures the same until they get rid of all the non-performing loans or until they have completed the full transition to Allied Bank.

That being said, we do all the work for you guys, you don’t have to worry about any of that. We definitely are specialists and want to show our knowledge to you any way we possibly can and gain your trust and confidence that we will get the job done for you successfully. Again, I’m Kelly Cook with the KC Real Estate Group, one of :k1:’s short sale specialists. Give us a call or email us, whatever is easier for you. You can email us at info@kellycookhomes.com. You can call us here at our Phoenix, Arizona office at 480-442-9868 or at our Columbus, Ohio office at 614600-2028. If you would like to know the value of your home in today’s current market, please go to MyHomeValueCalculator.com and we will instantaneously email you your home’s current value. So give us a call or email us today. We would love to hear from you soon. Thanks and have a great day.

GMAC And Chapter 11 Bankruptcy Won’t Affect Your Short Sale

Hi there, this is Kelly Cook with the Kelly Cook Real Estate Group, your :k1: short sale specialist. We can be found online at www.AZKCRealEstateGroup.com. We’re part of the Keller Williams Arizona Realty Network here in :k1:. We specialize in helping homeowners avoid foreclosure by the means of a short sale.

The topic we’re discussing today is a current one and has to do with GMAC and Chapter 11 bankruptcy. First and foremost, GMAC is very good to work with from a short sale standpoint. They have recently gone to an online platform to submit documents to and to communicate with. This keeps them much more organized and allows them to process the short sale faster. Their short sale process certainly isn’t short, but it’s much better when compared to some other major lenders in the industry.

GMAC has filed for Chapter 11 bankruptcy, so a lot of people are wondering how this is going to affect their short sale or if they haven’t began their short sale yet, will it become a huge mess? So far, it hasn’t really affected anyone. There are always some hiccups in the road when a lender files for bankruptcy, however we have four short sale files going with them so far and they are still moving right along. We actually got an approval letter on one of them the other day. We’d love to help you out with your GMAC short sale, regardless of what goes on with their bankruptcy. We’ll work with the contacts that we’ve established at GMAC; we’d love to use our resources and put them to work for you. Give us a call today at 480.440.9868, email us at info@kellycookhomes.com or fill out the form on our website. You can also check out our short sale calculator if you are wondering if a short sale is right for you. Go to kellycookshortsales.com; the short sale calculator will tell you how long it will be until your home is an asset again.

You’re Not Stuck With Your GMAC Mortgage Anymore, Contact Me To Find Out Why

Hello everyone Kelly Cook here with the Kelly Cook Real Estate Group, your :k1: area short sale specialist, thank you for taking a minute to check out my blog today. My team and I are dedicated to educating :k1: homeowners on their options for avoiding foreclosure and I use my blog to pass along new information on this very topic. If you are behind on your mortgage, or already considering a short sale, take a minute to browse my website for more information or contact me directly to discuss your distressed property options.

For my blog topic today I wanted to go over some of my experiences with GMAC on a short sale file in :k1:. There are a lot of :k1: homeowners who may be underwater on their GMAC loan and I love working with their short sale team. GMAC uses an online platform called Equator to help streamline the short sale process and increase transparency and communication between our team and their staff. Because GMAC has a very large mortgage portfolio they do sometimes subcontract their short sales to a company called REDC. REDC does a great job of helping GMAC get these toxic loans off their books through the short sale process. I have had a lot of success working with GMAC in the past thanks to the leverage of the anti-deficiency laws in place in :k1:.

So give me a call today, or stop by my website, if it no longer makes business sense to continue paying your mortgage. You are no longer stuck in your distressed property and I would love to sit down and discuss all of your options for selling that underwater home. Thank you for your time today and I hope to hear from you soon at Kelly Cook Real Estate Group.