GMAC Mortgage
GMAC Mortgage, based in Rutland, VT, is involved in the management of borrower funds previously associated with Ditech, following a bankruptcy court order issued on June 8, 2022. The company is currently unable to process returns for unclaimed funds, directing borrowers to cash valid checks or seek claims through state unclaimed property agencies.
As part of the estate's regulations, any remaining borrower funds that are not claimed will be escheated to the relevant state agency, where individuals can subsequently pursue their claims under established rules and regulations. The company underscores the importance of timely action for borrowers regarding valid checks to avoid forfeiture of funds.
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