Buying defaulted GMAC second (& others)

Loss mit is no help (“GMAC doesn’t sell notes.”). Sale is Thursday. Is it too late to buy the 2nd on this property (at a discount of course.) Does anyone have a better number than loss mit to call to offer to buy the paper?

We are also interested in buying some from Citibank and Meridias.

Who is foreclosing? If the first is foreclosing, the second will be extinguished.

Yes, they seem to not care. We decided to set up a repayment plan with the 1st and go for a shortsale on both instead. I dont know if GMAC is wacked with their recent sale or what.