GMAC Mortgage Donates Mortgage-Free Home to Army Veteran

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Jan 02, 2012, 09:00 ET

FORT WASHINGTON, Pa., Jan. 2, 2012 /PRNewswire/ -- GMAC Mortgage, LLC (GMACM), today announced that it has donated a home to an Army veteran in Columbia, S.C. GMAC Mortgage worked with Military Warriors Support Foundation to match the veteran with the right home.

The home was given to First Sergeant Peter Lara, who was wounded in action in November 2005. GMAC Mortgage provided a full rehab of the property, replaced all the flooring and added new appliances. Additionally, a garden was planted in the yard for Lara, as gardening has been an important part of his rehabilitation.

"GMAC Mortgage is proud to support the men and women who serve our country," said Joe Pensabene, chief servicing officer, GMAC Mortgage. "With guidance from the Military Warriors Support Foundation, we're honored to provide First Sergeant Lara with a home."

The Military Warriors Support Foundation is a nonprofit based in San Antonio founded in 2007 by Leroy Sisco, a retired three-star general and chief executive officer of the organization. The foundation supports veterans in finding jobs, medical care, education and homes.

Lara, the Army Times 2009 Soldier of the Year, has moved into the house and a presentation ceremony will take place today at the TaxSlayer.com Gator Bowl, in Jacksonville, Fla.

About GMAC Mortgage LLC
GMAC Mortgage LLC is a subsidiary of Residential Capital, LLC (ResCap), specializing in residential mortgage finance. GMAC Mortgage LLC originates and services residential mortgage loans under the GMAC Mortgage brand name.

Contacts:

Gina Proia
646-781-2692
[email protected]

Susan Fitzpatrick
215-734-4400
[email protected]

SOURCE Ally Financial