A discussion stop for all matters related to Green Tree Servicing
Members: 40
Latest Activity: Mar 17, 2014
Started by Joe Stradcutter. Last reply by Andy Stetz Nov 20, 2013. 2 Replies 0 Likes
I'm disputing a property valuation with GT and although they say they will get back with me within 48 hours, I haven't heard anything within the last two weeks. Anyone have contact information for…Continue
Started by Janice Wheeler. Last reply by Randy Carvalho Aug 9, 2012. 1 Reply 0 Likes
Does anyone have a upper management contact at Green Tree? A email for the President or Vp? ThanksJanice WheelerRealtor Lic 01162965…Continue
Started by Wendy McClure Jul 19, 2012. 0 Replies 0 Likes
I had a Green Tree first mortgage and the negotiator actually called stating the fact that Fannie Mae has denied 9 of his short sale files within one week. He did say that they all want more money…Continue
Started by Celeste ODea Jun 26, 2012. 0 Replies 0 Likes
Does Greentree have any specific short sale forms they require? Any good contact information available? BOA is 1st and Greentree is 2nd, but I haven't worked with them before. Continue
Comment
I have Wells Fargo as 1st and Green Tree as 2nd. GT gave an approval back in May to close in 7 days. Problem: 7 days, plus WF still hadn't approved the short sale. Now WF is ready to move forward and is asking for GT approval and GT isn't reponding! 9 days and 4 phone calls to Leeann Acuna at GT and NO reponse. My task on Equator for WF is 4 days in the red. DOES ANYONE HAVE AN ESCALATIONS NUMBER FOR GREEN TREE??
One thing I can add about Greentree is that they are a collections company. By far the least customer friendly servicer I have had to deal with on a short sale. I had a supervisor explain to me that certain BofA Fannie Mae loans are now being serviced by them because the borrowers pay near or on the last day of their grace period. The hope of Fannie Mae, according to the person I spoke with is to call these borrowers with enough frequency to persuade earlier payments closer to the due date. For example if your loan payment is due the 1st of each month and you pay on the 15th, you will probably receive calls. Sounds like harrassment to me.
Sharon - message me back to discuss further.
Sharon, I have found the 1st is usually very firm they don't want to see anything on the HUD so that the 2nd gets more than what they are giving them- investor guidelines. You could try to get GT to release the deed at $4,200 and seller has to negotiate/settle deficiency after closing. You should be able to tell 1st a consensus cannot be reached and they have to to pay GT $22,000- it would then have to go to investor approval...with likely a min 30 day wait and good luck.
I have a short sale 2nd lien with Green Tree - They are asking for a pretty hefty payoff of about 22k. The 1st OneWest has agreed to pay $4200 and that's it - How do I bridge this gap? They indicated that they don't care where the money comes from - seller, buyer, commish, etc,. even if it comes outside of escrow??? Is anyone encountering this because as far as I know, this is not legal and if so, how can Green Tree suggest a payoff knowing very well anything outside the HUD is not a good thing? Both buyer and seller are willing to contribute but BofA insists that their max payoff is to be $4200.00 and that they will not allow Green Tree to be paid more .. Any suggestions on how to wittle this down and make this work? I'd be soooooo grateful to any insight :) Happy Selling!
Started by Joe Stradcutter. Last reply by Andy Stetz Nov 20, 2013. 2 Replies 0 Likes
Started by Janice Wheeler. Last reply by Randy Carvalho Aug 9, 2012. 1 Reply 0 Likes
© 2021 Created by Mike Linkenauger.
Powered by
Always seek legal advice and representation in legal and tax related matters. The Short Sale Specialist Network and LinkUp Realty assume no responsibility for the content of this website. The opinions, views and information should never be taken as legal advice. Keep in mind that this is an open forum website for anyone to join. The owners of this website do not directly offer short sale assistance on this site, nor do we guarantee or offer any type of screening prior to joining this website. Real estate agents posting on this forum do so at their leisure, and are not regulated by the site owner. Sawgrass Homes for Sale. Nocatee Homes for Sale.
You need to be a member of Green Tree Servicing to add comments!