"It wouldn't be allowed to be included as part of the sale of the property from my experience. It may depend on how things are structured and I'd disclose the necessary information to the bank to see if they are okay with it.
Feel free to…"
I am in the middle of doing a GT short sale now. GT is the 2nd lien holder on my file. I called GT prior to sending in my complete package regarding their turnaround time. They told me their turnaround time is 2…"
" If you can get a complete package into GT and value ordered quickly, I'd say roughly 60 days to have the file submitted for approval. If the 1st and 2nd are both standard mortgage liens they will likely be worked together with the…"
"I've been averaging roughly 90 days from start to closing with Green Tree. Make sure the second doesn't get charged off. They have 90 days to process as a general guideline, or at least the last guideline I was informed about, but…"
Hello Everyone. Its been about a year since I did my last GT short sale and about to take on another one so just wondering what their approval rate is with GT being first and 2nd?looking for a realistic time line. My client needs to stay in her house until August so trying to work backwards.thanksSee More
"Sorry, yes it is. I normally send an email TO the Seller with a "cc" to EVERYONE at the Servicer (Greentree in this case), and advise the Seller to file a formal complaint with CFPB, and also on Social Media (Facebook, Twitter,…"
"Marilyn, to answer your question, yes they CAN garnish wages, file liens, even take money owed from tax returns!!! Will they, not likely.
As noted below, most of these are just empty threats. ALWAYS ALWAYS ALWAYS keep these 2 points in…"
"Marilyn, provide the negotiator with a copy of the approval letter or evidence that the first is owned by a GSE. If they balk, escalate. Don't settle for anything outside of what the first will pay. They will try all kinds of tricks…"
"If I am following this thread correctly, this is a Fannie Mae first loan, right? If so, then Green Tree has to accept the $6,000 because that's all that Fannie Mae will allow. I have worked on a specific situation exactly like this and once I…"
GT is second lien holder and we were trying to work out contribution to GT so they can approve and let us close with first lien holder (everhome). Everhome says no one can contribute to the sale so I am at a standstill. Now I speak to greentree to let them know we cant make any contributions to them and they say they will turn the file back to legal department because being this is a judgement against the seller the next step is they will GARNISH borrowers pay..............CAN GREENTREE GARNISH…See More
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