If you ever have the chance to avoid doing business with GMAC mortgage, please follow the warnings of others on this site. I had a 30 yr fixed rate mortgage from a local mortgage lender, then the loan was sold within 60 days (a common practice). GMAC acquired my loan. I never have missed a payment, never had been late all seemed well. Until GMAC sent me a 15 day notice that my payment would increase by $260 a month due to anticipated property taxes due a year ahead. They forcasted a $260 increase even before my city's assesors office had... read full review »