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Green Tree Servicing
Short Sale Report
| Time to Acknowledge |
Time to Approve |
Commissions | Full Release Available |
Comments |
| tbd | tbd | tbd | Rarely/Never |
They handle primarily junior liens. They typically demand at least 5% of the sales price. We have heard that they are tough to work with communication is poor.
Contact Info:
Phone: 800-643-0202
http://www.gtservicing.com/fcoptions.html
We do not currently have any information from anyone who has closed a short sale with this lender. If you have had an experience with them please add your comments or you can email us at info@foreclosureradar.com.
Comments
As 2nd lien holders they will generally ask for 10% of the sale price and not of the amount owed. Rude and difficult to work with. They operate as a collections company more than negotiators.
When I had a deal with Greentree as the junior, they began by demanding 5% of the sales price! This can equate to a chunk of change, money that just isn't there. The negotiators for the most part are either extremely difficult to work with and very, very rude, or unresponsive. In the end, by keeping very cool and killing with kindness we were able to negotiate them waaay down and get them to settle without a promissory note. Just be patient when dealing with them and realize that it's not personal and that they are just trained to be collection agents (jerks).
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