Comment

Comment by Rachael Babinchak on December 7, 2012 at 9:59am

email me - [email protected]

Comment by Kevin Kudrna on December 7, 2012 at 8:43am

I have a Greentree 2nd that I need to get fast approval on to close a cash deal. The first is providing 10% of what's owed to Greentree.  Who's the person or what department is best to get this done quickly?

Comment by Stacy Gonzalez on November 28, 2012 at 2:07pm

My client was initially told he did not have to default on his loan to be approved for a short sale.  They also said the same thing to me, but declined my short sale for that very reason.  Have any of you fought Greentree for approval?  They have a hardship but are trying hard to salvage as much of their credit as possible. I was subsequently told that they would have to be 31 days late to be approved if there was no death, disability, divorce or work distance issue.  

Comment by Rachael Babinchak on November 19, 2012 at 7:28am

Wayne Turner...PM me via Facebook.

Comment by Wayne Turner on November 19, 2012 at 3:35am

I am trying to postpone a trustee sale....thanks all the info on here has been sooooooooooooo  helpful...but the two exts for sharri or doreen at 800839 9188 no longer work....been trying to work with Chris Porter and his sup....George...but of course.....no luck!!!! Am in the 23rd hour......is there anyone out here who has any kind of suggesstion???????  Thanks in advance everybody!

Comment by Tara Samney on November 2, 2012 at 5:03pm

Jen - Be sure the seller is actually getting a call from loss mitigation and not the recovery dept looking for  a last ditch attempt at payment.  I closed 2 and after both I even got calls where recovery didn't know or were pretending not to know the short sale closed and were looking for a payment. I just verified it with the closing rep and GT and were confirmed all was good both times. Is the payment mentioned in the approval letter?  Has the wire and docs been confirmed as being received?

Comment by Kevin - Greenville, SC on November 2, 2012 at 4:05pm

Cathy,  

Re-submit if you have an offer, otherwise I'd wait until you do.  The new Guidelines just went into effect yesterday. 

Comment by Cathy McAlister on November 2, 2012 at 11:00am

Just received word from Greentree that FNMA has declined the short sale due to "Borrower not meeting imminent Default Guidelines".     Even with new guidelines it seems to matter not.  The borrower has been on permanent disability for a few years now.   They have remained current, and have managed to save their credit score until now.   Finally, backup funds are depleted and November will be the first late month.  According the negotiator, FNMA has given a hard decline and we will have to start up again once the enough of a hardship has been established.  Really.... you can see the bank balance going down, the income was not sufficient without the use of savings.  Hardship not sufficient!    After hearing the trends from other brokers regarding more and more FNMA declines - it seems to appear that FNMA is leaning more and more toward hard foreclosures.   So... FNMA may foreclose, Greentree will be paid more money by servicing a delinquent loan and possible foreclosure costs, and then go back to market as an REO where the investors are waiting with all cash to make it into a rental.  Somehow this type of cleansing is good for the US?    I am really not sure if it is FNMA or Greentree - but we will go back in again.

Comment by Jen Hill on October 30, 2012 at 7:44am

We closed a long drawn out short sale with Green Tree on Oct 19th, confirmed closing docs and wire were received by Green Tree.  Done deal, right?  Green Tree contacted the Seller this week to advise that he still owes for October's payment!?!  I spoke with someone at Green Tree who advised that they "assumed he would pay his Oct payment since it was due on the 1st."  Hello?  He's doing a short sale, why would he pay!?!  I can't get the Closer or the Account Manager to call me back.  Any suggestions??  

Comment by Tiffany Alleshouse on October 23, 2012 at 8:39am

Do you guys know any of the lenders that Greentree (2nd mortgage) might sell their loans off to?  Greentree sold my client's loan and we are trying to track down who bought it.  Thank you!

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