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GREENTREE!! HELLLLLPPPPPPP!!

Supposedly, First Horizon (Tennessee) transfered/sold this 2nd to them on Oct 1. They have yet to find it in their system. My sale is gonna come apart-for the 4th time--15 months into it!!! I call th…

Replied Dec. 10, 2009

GREENTREE!! HELLLLLPPPPPPP!!
25 Replies

Anybody have any experience with a Greentree 2nd position? Advice?

Started this discussion. Last reply by Edward Codelia Jun 8.

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Edward Codelia replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

OK, so I called in to get the name of a Regional Manager. I was put on hold, lectured about delinquent payments and told Greentree does not have to approve a short sale because the homeowner is delinquent. I was given the name, Gerald Jeffcoat, no…

June 8

Kim Bigley replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

How Did Green Tree finally resolve or have you? I have a contract with them as a 2nd and we have been 6 weeks trying to get it approved - they say it is in the process of Final with Sr. Mgmt signing off. Who know!!

June 8

Cindy Curd replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

They will take less. What are the details? How much is the total offer? How much is the Greentree lien?

April 22

Shelly Mayol replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

Negotiating a 2nd loan with Greentree. Was told to change the HUD-1 to reflect 5% of the sales price as their fee to JUST REVIEW the account and proceed further. Are these newer tactics?

April 22

James replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

I stopped making payments in December to GT and with Chase I stopped back in October. They seem to not want to help if you are current, it so sad. As far as my hardship goes I have lost $250,000 in income so that was a slam dunk right there . As far…

April 7

George Winston replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

James, What sort of "hardship" did you present to GT.... and did you have to stop making payments..... I am just starting this process.... with GT as second. Also what other assets did you have??? Did you have real estate or other non-liquid asse…

April 6

James replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

Well they actually sent me a letter today accepting my offer of $35,000 for full settlement, vs the $60,000 that they were asking for. They put a deadline of 5/14 on the deal and I have had an offer on my house since 1/15 and Chase is totally draggi…

April 6

Emily S. Knell replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

They probably won't take $30k, however their initial offer of $60K to settle is a bit out of line too, they're probably just seeing that the total purchase price is $900k and think you probably have some money hiding under your floorboards. GT norm…

March 23

James replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

I am currently working with Gree Tree as my second lender. I owe them $117,000 and owe Chase $1,025,000 and the house is being short saled for $900,000. Chase is offering them $5,000 and GT said that they will allow the short sale to go through if t…

March 23

ang replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

I see. However, In my case I have modified the first. Figuring out how to get into the best arrangement to settle the 2nd Lien so that I can float thru Bk7 afterwards is the challenge. I expect that i will be able to re-negotiate again after BK7 but…

March 6

Cindy Curd replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

Purchase price is the total sales price if the home is being sold, most commonly in a short sale situation. The first mortgage gets a chunk and the second gets a little bit. GT wants a percentage of the total sales price, not a percentage of the bal…

March 5

ang replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

Hello to all. I too am looking to strategize a settlement on my second with Green Tree. I would like to contribute my findings to date as well. I just finalized a loan modification on my first. That keeps it worth while for me, but its under water.…

March 4

Emily S. Knell replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

Real small note, maybe that's why they took just $2k, I will keep that in mind if I have to deal with them on such a small 2nd in the future. Likely I won't ever have to deal with them again, not that I won't take a Green Tree short sale, but any Bo…

March 3

Cindy Curd replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

Purchase price was $135K, GT accepted $2k on a 20K note. Any thoughts on how I should counsel my seller Re: the deficiency? Transaction has already closed.

March 3

Emily S. Knell replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

To: Cindy Curd: What was your purchase price? and how much less did GT accept. Even at 5% of the purchase price it is ONLY for lien release for the short sale, they demanded 30% of the purchase price to get the seller released from future DJ & for b…

March 3

Cindy Curd replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'

I got them to settle for less than 5% of sales price, but then found it was only for a lein release. They are pursuing my client for the difference. Does anyone have any advice For getting out of that?

March 3