Replies to This Discussion

Permalink Reply by Bryant Tutas on July 11, 2012 at 11:39pm

I have several GT shorts in the works and they have never asked my sellers to make their payments current.

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Permalink Reply by Steve Mun Group on July 12, 2012 at 10:24am

Patricia, I'm having the same issue.  The collections agents are holding my file hostage and refusing to forward an offer  to loss mitigation.   If you get any response, please share with me, I will do likewise. 

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Permalink Reply by Neil Blumberg on July 12, 2012 at 12:06pm

I have just today negotiated a short payoff with Greentree, and have done several short sale deals with them. In the case you're dealing with, does Greentree hold a first or second position?

Short Sales In Kentucky and Indiana 502-254-9600

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Permalink Reply by Wendy Martin on July 16, 2012 at 12:52pm

I have closed several short sales with Green Tree lately.  The only time I heard anything about this is when they had the 2nd.  I was told if the sellers go 3 months delinquent the file will go to collections and the timeline will get much longer.

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Permalink Reply by Stacy Gonzalez on December 20, 2012 at 11:02am

I have a short sale with Green tree in the 1st position.  They declined my first approval because they were current on their mortgage after they told both the seller and I that it did not need to be current.  The negotiator told me they had to be 31 days delinquent to be considered for the short sale.  They have now missed 1 payment are 20 days late and the package was sent to them again.  Now they are saying that my client, the seller, needs to make his payment or they will foreclose! I don't know what to do?  If they make a payment will it be declined again?   Games and the banking industry don't mix. Just sad.  Any suggestions?

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