Help Active Rainers I need a phone number -GMAC REO

Real Estate Agent with Real Estate One 6501304423

I had a offer in on a short sale on a Farmington Hills home.  Well for 4 months nothing happened.  Then 2 days before the bank was to take possession of the home they accepted the offer and then said we had to close in 2 days.  Well my clients needed a FHA Mortgage and needed time to get it together.  We had the appraisal, they had all the documents in but the bank needed a signed PA.

Of course the other agent did not have a clear title policy or gotten a copy of the signed PA.  Anyway it was an impossible deal even if my clients would have had cash.   The soonest the loan officer said it could be done in was 3 days.  Beyond the foreclosure date. 

But I haven't given up on getting this home for my clients.  I have been calling Fannie Mae each day trying to track down who has the loan for this piece of Farmington Hills real estateand who to contact for my clients.  BUT now Fannie Mae has given the loan back to GMAC because they had a short sale offer on it.  OURS!!!   So now I need to track it down in GMAC reo division.

Any help to find GMAC's reo division phone number would be greatly appreciated.  Let's help this young couple buy this Metro Detroit home before their wedding this fall.


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Comments (4)

Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI

Russ, I don't know if this will help or not, but on of GMAC's lending divisions is Homecomings Financial.  I had/have a bank offer in on one of their homes, and this is who I was told was handling it.

I'll try to find a phone number for you and send it along to you.

Aug 28, 2008 09:56 AM

I have a phone number for a GMAC relo person...973-889-6142, fax...866-340-7635. Hope this helps...

Aug 28, 2008 10:07 AM
Jason Romrell
Business Attorney and Success Advisor - Los Angeles, CA

I wish I had a #...but I'm also glad I read this because it can teach some valuable lessons for folks dealing with short sales.

Aug 28, 2008 10:17 AM


May 13, 2009 12:57 PM