Short Sale Report - Green Tree Servicing
Short Sale Report
| Avg. Days NOD to NTS | Avg. Days NTS to Auction | Total Avg. Days in Foreclosure | Commissions | Comments |
| n/a | n/a | n/a | tbd | 21 |
NOD=Notice of Default NTS=Notice of Trustee Sale Auction=Trustee Sale
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.
So true, I'm in the same situation,, will not provide w/ extension unless we came up with 10% of what's owe!! Nightmare!!
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).
I am having the same problem. My husband died in March and that has been really hard but dealing with GT is a nightmare. I am trying to be patient but know it seems whenever I call I just get voice mail. The office I'm trying to deal with is out of Baton Rouge. Lien holder is GT in St. Paul. Was there a certain person you talked to that helped you? Any advice would be greatly appreciated.
Trying to finish with Greentree right now....they are servicing the first (and only) mortgage. To say that it has been brutal is an understatement. They are slow, undertrained, unmotivated and generally below par.
Where is Resmae Mortgage Aka Bridgefield Mortgage in all of this???? They sold my loan to Green Tree with the promise of foreclosure... They are all crooks
I did a short sale and Green Tree was holding the second. The second was for roughly $83,000. They got about $7,000 in the short sale. They are now coming after me for the deficiency for $75,000. They will agree to a short sale but in their agreement it does state that this does not alleviate you from them coming after you for the remaining balance. Be very careful and know that they will attempt to collect. I am working with an attorney now to try to get them to settle for a much smaller amount.
We're in the exact same boat. We are starting the legalities of everything right now. What a nightmare. As if losing your home wasn't enough. Has your lawyer gotten anywhere with them?
There is an attorney working on criminal sanctions against this entity, in the state of Florida, through the federal court system.. His name is Michael J. Duggar... I would be recording every conversation you might be having with Green tree Servicing LLC. too. Also make sure you maintain phone records showing the amounts of calls they make to you as well.. You will all need to step up your ability to keep and maintain paperwork pertaining to this entity.. But first and foremost? Make them prove the alleged debt.. And get really familiar with your rights pertaining to situations like this... Look into the fair debt collection practices act , as well as another rather unknown statute found in "Truth in Lending" Regulation Z... Green Tree servicing LLC. has made a shift and is now allegedly been acquired by a company in Florida ( looks like they're trying to hide to me...).... Get proactive...
I would also be checking past credit reports to see if they have tried manipulating your credit scores in the past through running multiple credit checks, causing your scores to drop and driving your other interest rates up..... (Yes they do do this... BofA is another culprit...)... How do i know all of this? I'm currently battling them in court... You guys need to get really proactive in your situations... Also watch for "robo signed" documents... Request "only" bonafide originals on everything... Sixty minutes had a special on a few months pertaining to this very issue(AKA robo signed documents...) You really need to look it up and watch it... Also may want to save it for use as evidence later if need be... Get proactive... Most attorneys don't even know how to handle cases like this, they're used to the status quo of things... If you hire one? Watch them like a hawk and you may have to point them in the right directions yourself.... Like I said... Get familiar with your rights and get pro active... Start digging and researching and begin applying what you learn... You're going to get a headache from it all, but, at the same time? You'll become very enlightened to the real situation..... Get pro active...Good luck...
Record everything with them... And if you send them anything by mail? "Always" send it "Certified" w/return receipt....
Look up Cheryl A. Collins pertaining to both GREEN TREE SERVICING LLC. & WALTER INVESTMENT MANAGEMENT CORP.
Also look up Gregory Alpin...
Good Luck
Maybe Jesse Ventura needs to look within his own old backyard (i.e. Minnesota)... Might want to look up one Richard G. Evans associated with this company...
http://caselaw.findlaw.com/us-8th-circuit/1332310.html
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001040719...
I have worked two short sales with Greentree. The first deal closed but was still a nightmare. The negotiator even told me at one point that he "could hold the deal hostage to force the first to foreclose if they didn't get what they wanted". That deal eventually took the offer from the first and it closed. It took two extra months because of Greentree. The second deal was in 12/2011 and was even worse. They were given a considerable amount from the first but came back and suggested we find a way to come up with another 14k from the buyer or seller. Needless to say, they closed the file when I told them it wasn't going to happen and they said to let the first foreclose. From what I hear of them, the seller is probably better off. I will never work another short sale if the lender is Greentree.
If the paperwork, On Green Tree Servicing LLC's. part was all allegedly legitimate in these dealings you spoke of in your comment here? I do believe what he said can be taken as an act of terrorism (in accordance with the government's definition pertaining to the matter...). Legally speaking of course. I don't know about anyone else here, but i wouldn't want to be involved with a person(as defined by the UCC) that willfully engages in these types of clearly defined acts...
(28 C.F.R. Section 0.85)
UCC 1-201(b)(27)
http://www.law.cornell.edu/ucc/1/article1.htm
I would also like to suggest reading 1-308 &1-207 of the UCC... Sounds like most of you might want to do that(especially for any future dealings)...
http://www.irmi.com/expert/articles/2002/woodward12.aspx
We are trying to buy a house that is owned (via foreclosure) by GTS. So far, we have made 3 full-price offers and they have not responded to any of them. Each time, within a week, the price has been lowered! After reading all the complaints on-line about them, not surprising that they are also incompetent on the re-selling of forclosures. Sounds like we should probably just walk away.
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