Ditech ( Formerly Green Tree )
Information
Green Tree Short Sale Information
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Website: https://www.ditech.com/
Loss Mitigation - 855-395-8566
Recovery Dept. 800-643-0202
Direct SS FAX for Authorizations and packages.Fax is 877-612-2422
Short Sale Fax 1-877-612-2422 or 1-866-870-9919.
Alternate Fax 1-877-612-2422
Alternate Number 1-800-474-3918 - Short Sales
ESCALATION: CORPORATE COMPLIANCE DEPT. The office number is 800-839-9188 and the fax number is 866-210-6192.
Discussion Forum
seller incentive with 2nd?
Started by Luther Fisher. Last reply by Luther Fisher Feb 21, 2019. 2 Replies 0 Likes
I've got a situation where it appears we will have to do a short sale. 1st is with PNC and 2nd is with ditech. The ditech 2nd would have to take the discount. Would there still be any incentive…Continue
Ditech SS apprival letter gives 7 days to close
Started by Jackie Gonzalez. Last reply by Ben Benita Jun 16, 2017. 3 Replies 0 Likes
This is the 2nd time the seller's agent gave a ss approval letter with a 7-day approval to close. Need at least 2 weeks to close. Bank has list of work that needs to be done and title company wont…Continue
FNMA/Ditech counter offer too high
Started by Jackie Gonzalez. Last reply by London Cox Aug 29, 2016. 4 Replies 0 Likes
The present buyer is backing out due to too high counter offer. The house was listed at $181k and is now at $134,500 after 5 months on the market and no offers. Needs extensive work due to deferred…Continue
Short sale after the association foreclosed on the property.
Started by Russ Trinidad. Last reply by Russ Trinidad Jun 5, 2015. 3 Replies 0 Likes
Does anyone know if this is possible? The property is a townhouse in Hawaii. The association foreclosed on nonpayment of maintenance fees. It’s a fannie mae owned loan and serviced by green tree.…Continue
Comment Wall
Comment
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Comment by Stephen Shafer on June 29, 2010 at 4:17am
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i have an open escrow on the 1st with 5% to Green Tree's SS dept & can not get the negotiator there to send an approval so may lose this deal. I am on hold as I write this. anyone have a real person's # that can resolve the problem?
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Comment by Kent Dills on June 21, 2010 at 7:43am
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Every state has it's own laws on recourse vs. non-recourse, 1st vs 2nd vs home equity, etc.
You really need to know the laws in your particular states as THEY DO DIFFER!
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Lilian, I thought California was a non-recourse state. Aren't they? And doesn't that apply to 1st and 2nd liens as long as they are purchase money and not home equity/cash outs? You should check this quickly with a Cali real estate attorney!
And Susan Sandoz is right about GT, they make B of A look good ;-)
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Comment by Susan Sandoz on June 21, 2010 at 7:22am
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I have not found GT to do anything that slightly resembles good business practices or any kind of ethics period. It appears Lilian your Sellers received only a partial release for all your work and not a full release. And yes, with a partial release only, from what I know, they can go after the difference from what they took as payment to partially release so you could close. They can then go after the difference. They just took that 5% so you could close the sale, but they never intended to release them entirely from the remaining 95% of the 2nd left unpaid. That is my educated guess...
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Comment by Paola Martinsen on June 21, 2010 at 7:10am
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Lilian, I have a similar case but my client refuses to sign. You have to ALWAYS read the approval letter if they are only releasing the lien and they state this is not a settlement or doesn't say they WILL 1099 the borrower then its not a settlement. If your letter reads settlement or some verbiage to that effect call GT and make sure they stop the collections but if your letter doesn't reference the settlement that should of been addressed prior to closing.
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Comment by Laura Marshall on May 28, 2010 at 4:59am
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Well...I lucked out. The buyer is paying the difference. What makes this worse, it the 1st lienholder is First Horizon....which is just as bad...maybe even worse if you can believe it. I have been trying for 3 weeks to get them to reopen their file. Sale date set for 6/4...market value cash offer...good grief!
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Comment by Gwenda Huebner on May 28, 2010 at 4:50am
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OYE!!! Green Tree! NIGHTMARE!
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Oh...I forgot to add....this is a purchase money 2nd - no default judgement - I am in California.
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Thank you. I see that you posted the information above. I will give them a call tomorrow.
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Comment by Ben Benita on May 12, 2010 at 4:47pm
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Best way to get through to Greentree is to go through their corporate office in Minnesota....
They are very "challenging" to deal with....being politically correct here as there are several other "colorful adjectives" I would prefer to use to describe them!!!!
:-)
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