Ditech

Ditech.com, which contributes a big share of General Motors' profits lately, has left a lot of angry consumers by the side of the road, including those below:

Scott of Riverside, CA February 21, 2009

Scott of Riverside CA (02/21/09)
just received mass mailed letter from ditech informing me they have frozen my 100,000 credit line to protect me! i have 80,000 equity still in my home. i now have to requalify and pay for an apraisal for them to see if they will unfreeze my line of credit.i never had a late payment with them or any of my creditors. my fico was 830 until these ass holes froze my credit line. this same company just went begging to washington for a 5 billion loan.i will now do a refinance just to get rid of this company. it will cost me thousands of dollars but i rid my self of a company that from the time i got my loan 2 years ago has been nothing but incompetent. the american consumer is getting a royal screwing from banks,credit card companies,wall street,and washington.i warn you do not use ditech!

Tina of Bernville, PA December 18, 2008

Tina of Bernville PA (12/18/08)
This is in response to all the Ditech complaints. First I have seen many state things about GM. GM doesn't own Ditech. GMAC owns Ditech and GM sold GMAC a few years ago. GMAC is owned by Cerberus the same co. that owns Chrysler and Air Canada and SpyGlass entertainment. They are an investment co. You can see their website and what they own by going to cerberuscapital.com I hear complaints time and time again about how could GM do this and they are corrupt. Blah Blah but GM doesn't own GMAC or Ditech. So please complain to the correct co. and about the correct co.

The 2nd issue is Ditech and GMAC do suck. We have had nothing but issue after issue with GMAC and I refuse to do that direct take out of my account cuz of others horror stories. So we are in the process of refi with Quicken. We had a refi with them in 2004 and they treated us great and everything went perfect. The only downside with Quicken is the int is a little higher than Ditech but if you tell them what Ditech will offer then Quicken will match it.

Cheryl of Banning, CA December 8, 2008

Cheryl of Banning CA (12/08/08)
No last names were provided and phone calls have not been returned. My home sustained extensive damage due to a car driving through my house. The kitchen waS DESTROYED. Ditech has had the entire amount. %32,000, of the claim for a month. They were supposed to mail an installment of 10,000 which has not been received.

Due to their delay I have been living in my home with no kitchen. It is now getting cold and my front wall is currently plywood and plastic because they have held onto my insurance money. This is causing my home life to be difficult and uncomfortable and is also causing emotional distress.

James of Grandview, MO November 7, 2008

James of Grandview MO (11/07/08)
I was set up for a 30yr fixed loan at 632.00 a month and 744.00 with and escrow acct for taxes and insurance. after a year of paying 744.00 a month I am sent a new statment now for 1,000 dollars a month. I called ditech tax department and we went round and round before the young lady tells me that it was thier fault but I sign up with them and there is nothing they can do about it.

I live off of a disability check. and I just can't aford to nimble my fiances by three hundred dollar and driven out of my home like so many people.

Robert of Browerville, MN November 4, 2008

Robert of Browerville MN (11/04/08)
A few days ago I decided to call Ditech about getting a mortgage, the person I was talking with started asking starnge questions like how much are the houses worth in my neighborhood (how would I know) also I wanted to borrow over the amount of the mortage to do some house repairs such as a new roof,

this is where it started getting stranger, after telling the guy I needed a new roof he wanted to know if it was leaking and if so what color was the water stains on the ceiling, when I told him I didnt know and didnt have time to go inspect the colors of the stains he told me that he is going to cancel my application because they dont do mortages on homes with leaks. Now, I never ever been treated like this before and asked such stupid questions. As far as im concerned Ditech is such a fly by night rip off.

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