Green Tree is my second and can't get them on phone...
Both of the loans on my short sale were with Indymac (purchased by OneWest)... but there are two different servicers and Greentree is the servicer on the second. I submitted the package to Greentree; but then lost the first buyer because the first took 6 months. We got a new all cash buyer and submitted it to the first. But Greentree says I have to resubmit a whole new package to them. and they will send it via fax. I haven't received it. The first as already approved; and we still can't reach Greentree to find out what is going on on their end.... any advice?
Replies to This Discussion
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Permalink Reply by Ben Benita on
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You are in for a battle with One west first adn Indy mac second, where is your property located?
Greentree will ASK for 5% of the purchase price and you will be negotiating from there.....
you can reach me directly at [email protected] for LTOS of details on how to move forward if you wish. -
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Permalink Reply by Georgeana "GEM" Mimms on
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Onewest is offering $3K on a $68K second from Greentree. If Greentree doesn't accept, seller will just let go to foreclosure. It's not worth the hassle.... she's old and the commission is way to small as it is....
Ben Benita said:You are in for a battle with One west first adn Indy mac second, where is your property located?
Greentree will ASK for 5% of the purchase price and you will be negotiating from there.....
you can reach me directly at [email protected] for LTOS of details on how to move forward if you wish. -
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it is good to recognize this early on.....I have a Seller pre-listing form in my short sale book I ALWAYS suggest agents fill in BEFORE starting too much work on the short sale.
As you noted, if it is a small commission or a low end property, I would advise her to let the home go. If she is living there, tell her to wait and get PAID to move out via cash for keys post foreclosure.
If the home is vacant, she can put a tenant in there month to month (disclosing the situation and www.Craigslist.org is great for tenants)), charge less than market rent and just keep the cashola until the home goes to foreclosures. -
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Out here in California, folks are doing that with B of A short sales. Just renting the homes out while B of A takes its time... I've done a lot of short sales... it took Onewest 6 months to respond -- but once they did, they were great. I don't know about Greentree other than that they are asking for a whole new packet submission. Seems as tho all they really need is the financials updated like Onewest asked for. But, c'est la vie. Just can't let the same banks that made a fortune off these loans, screw agents at the last minute with calls for reducing commission. I'd rather walk away than take a reduction in commission. Just isn't worth it on a $200K property...
Ben Benita said:it is good to recognize this early on.....I have a Seller pre-listing form in my short sale book I ALWAYS suggest agents fill in BEFORE starting too much work on the short sale.
As you noted, if it is a small commission or a low end property, I would advise her to let the home go. If she is living there, tell her to wait and get PAID to move out via cash for keys post foreclosure.
If the home is vacant, she can put a tenant in there month to month (disclosing the situation and www.Craigslist.org is great for tenants)), charge less than market rent and just keep the cashola until the home goes to foreclosures. -
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