GMAC Short Sale Specialist Realtor

GMAC Short Sale Expert | West Hills

(Updated July 4, 2025) I strongly encourage homeowners to learn about the several options available to avoid foreclosure with the most common ones being refinance, loan modification and short sale. Successful HAFA or traditional Short Sale transactions have been completed in Northridge, Granada Hills, Chatsworth, West Hills, Van Nuys, Sylmar, Lake Balboa, Porter Ranch, Pacoima, Arleta and Reseda. Currently I am working with two active home buyers in the areas of Granada Hills, Northridge, and Chatsworth, one of which is in the low 500's price range and the other who is in the 600-800k price range. Also, having short sale listings brings constant calls from mostly investor buyers who are very active in the San Fernando Valley areas like Sylmar, Northridge, Winnetka, Canoga Park, West Hills and Lake Balboa just to name a few. It is very easy to find buyers right now because of the low levels of inventory in the highest demand areas of the valley. Typically, I am able to find a buyer quickly once the listing is given and the property is put on the market if I am able to price it at or just below fair market value. This listing strategy is effective in bringing multiple offers on properties.

For specific information about GMAC, visit their websites at the links below and contact me:

GMAC Home Retention Page

GMAC Short Sale Page

Homeowners should be aware that there was a $25 billion settlement between the U.S. government and state attorneys general and the country’s five biggest banks [Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc. and Ally Financial Inc. (formerly GMAC)] for foreclosure processing problems that came to light about 18 months ago gives lenders three years to provide financial relief to financially troubled home owners. I feel this will help to get more approvals for loan modification, refinance and HAFA Short Sales. I am hopeful that the money makes it’s way to help more struggling homeowners stay in their homes. I would expect that the settlement provides lenders and investors enough financial incentive to proceed with more loan modifications, short sales, and foreclosures, which will help support the housing market recovery.

Here are some details on the banks settlement which provides financial relief to borrowers.

Of that amount, $10 billion will go toward reducing the principal on loans for borrowers who, as of the date of the settlement, are either delinquent or at imminent risk of default and owe more on their mortgages than their homes are worth.
At least $3 billion will go toward refinancing loans for borrowers who are current on their mortgages but who owe more on their mortgage than their homes are worth.
Up to $7 billion will go towards other forms of relief, including forbearance of principal for unemployed borrowers, anti-blight programs, short sales and transitional assistance.

Read the details of the settlement from the U.S. Attorney General’s office at: http://www.justice.gov/opa/pr/2012/February/12-ag-186.html

GMAC Short Sale Package

GMAC Short Sale Department:

877-521-3698 x8743698 Phone
866-501-1610 Fax

I have had great success with a recent HAFA Short Sale in West Hills where GMAC was the only lender. They were very responsive and efficient. However, they did seem to think the house was worth much more than it was since the condition was poor and it needed a new roof. They even threatened to take the property away at the trustee sale if the buyer wasn't willing to pay 400k. I used the HAMP solution center to escalate the file because of the threats about foreclosing and a successful outcome was obtained. They agreed to take 350K for the property which was a fair price. I did have to pay for another appraisal but it was well worth it since the value came in at 350K and the buyer and GMAC agreed. The homeowner also got the $3000 relocation assistance with no deficiency judgement.

If your lender/servicer is GMAC, then you have a couple small things going for you. First of all, Ally Financial/GMAC is a participant in the HAFA Short Sale Program and second, they are a little faster in response times as compared to the larger Chase and Bank of America. Also, Ally Financial/GMAC may be the servicer for the investor Fannie Mae of Freddie Mac. Use the Loan Lookup Tools on this site to check if the loan is owned by either. When I prepare for an appointment, I will do this research and I will also have all the paperwork for Ally Financial/GMAC printed out so that we can get everything filled out to get the process going. This is very important because many homeowner have either a Notice of Trustee Sale or Notice of Default already filed. If there is a trustee sale date scheduled, it is very important to get the property listed ASAP and get an offer submitted to the servicer so that they can justify a foreclosure postponement by the investor. GMAC is a different from others in that they may require the BPO (broker price opinion) or appraisal to be completed before the postponement is granted.

The GMAC Customer Information Line is 877-941-4622. The application form for an Ally Financial/GMAC Short Sale is called the Ally Financial/GMAC Financial Analysis Form. If you are thinking of doing a short sale to avoid foreclosure, that is my specialty. I will help you in a very personal and professional way, taking the time to explain everything as we go. There is no cost to the homeowner to do a short sale since the commission in a short sale must be approved by the short sale lender. Best thing to do is call me at 818-626-6469 to help you since handling a short sale is a very specialized task so be sure that the person who helps you with a short sale has successfully completed a number of transactions before they work on yours. Also, I have serveral designations and certifications which show that I am up on all the latest information and programs and can be helpful in showing the options available.

GMAC Short Sale Expert | West Hills, Chatsworth, Granada Hills and Northridge, CA

Ally Financial (formerly GMAC) Short Sale Department:

877-521-3698 x8743698 Phone

866-501-1610 Fax

Ally Financial or former GMAC, then you have a couple small things going for you. First of all, Ally Financial/GMAC is a participant in the HAFA Short Sale Program and second, they are a little faster in response times as compared to the larger Chase and Bank of America. Also, Ally Financial/GMAC may be the servicer for the investor Fannie Mae of Freddie Mac. Use the Loan Lookup Tools on this site to check if the loan is owned by either. When I prepare for an appointment, I will do this research and I will also have all the paperwork for Ally Financial/GMAC printed out so that we can get everything filled out to get the process going. This is very important because many homeowner have either a Notice of Trustee Sale or Notice of Default already filed. If there is a trustee sale date scheduled, it is very important to get the property listed ASAP and get an offer submitted to the servicer so that they can justify a foreclosure postponement by the investor. GMAC is a different from others in that they may require the BPO (broker price opinion) or appraisal to be completed before the postponement is granted.

The Customer Information Line is 877-941-4622. The application form for an Ally Financial/GMAC Short Sale is called the Ally Financial/GMAC Financial Analysis Form. If you are thinking of doing a short sale to avoid foreclosure, that is my specialty. I will help you in a very personal and professional way, taking the time to explain everything as we go. There is no cost to the homeowner since the commission in a short sale must be approved by the short sale lender. Handling a short sale is a very specialized task so be sure that the person who helps you with a short sale has successfully completed a number of transactions before they work on yours.

Ally Financial/GMAC HAFA Short Sales

GMAC HAFA Short Sale Sold in West Hills Closing 8/18/2011

4 bedroom West Hills home sold under the HAFA short sale program which includes a $3000 homeowner incentive upon completion of the short sale.

Jason Hector, CA Dept of Real Estate License #01481898
11630 Seminole Cir • Porter Ranch, CA 91326
Office: (818) 626-6469 • Cell: (818) 357-9658
Fax: (866) 791-3290

GMAC Short Sale Expert | West Hills

GMAC Short Sale Package

Ally Financial/GMAC HAFA Short Sales

GMAC HAFA Short Sale Sold in West Hills Closing 8/18/2011