This is a true story....
I have a home under contract that my clients had built several years ago. They have never moved, but their children are gone and they wanted to down-size.
After their home was under contract we went looking for them a home and found them a nice lake home (foreclosure) around the Ann Arbor-Pinckney area.
They met with the lender this week, have mid 700 credit scores...no worries.
Ahhhhhhhhh....
The lender notices there is a foreclosure on their credit report from GMAC on the house they are living in and have never moved from. They have never been late on one payment, these are both professional people.
WHAT!!!!!!!!!!!!!!
They had no clue until the lender pulled the credit report.
The title is clean, the Township and County have no record of it.
When they refinanced with GMAC they tagged it as a foreclosure and not a refinance.
What to do?
My client spend 3 hours on the phone with GMAC on Friday, he was passed to 34 different people, "not my job, not my department."
This should be a simple fix. But, no one at GMAC will take ownership of the problem.
As you can see they have mid 700's credit scores.......so it has not effected their credit, they will get the loan, but who wants a foreclosure on their record.
Any Activerain lenders have a solution?
Missy Caulk & Team can be reached at 734-926-9797 or email: Missy@MissyCaulk.com
Our Team of 6 agents are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.
Find Homes for Sale in Ann Arbor
Find Homes for Sale in Saline
Find Ann Arbor Real Estate Information
Get a FREE Home Evalutation of your Homes Value
Missy Caulk Ann Arbor REALTOR® Google Profile
Stay strong, stay faithful, stay honest, stay loving, stay true to who you are, most importantly stay true to who God is as you'll be who you are, and you'll be happy, you'll be you, you'll be free. -Jamie Caulk
