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I am working with them as a first !
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 them and they can't find it-I give them the loan number, owner SS#-but nothing helps . . .
Wendy Rulnick said:I am working with them as a first !
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 them and they can't find it-I give them the loan number, owner SS#-but nothing helps . . .
Wendy Rulnick said:I am working with them as a first !
Bob, there is another discussion group about Green Tree. Right now I have a second lien with Green Tree. They want 5% of the sales prices and we were able to make it work. I would like to investigate why Indymac (=OneWest) sold all second liens to Green Tree. I think they also have control over Green Tree and this is just a business strategy since it is silly for a first lien holder to sell their power of negotiation and this is exactly what they have done. There must be a reason...
There may be other ways to get through Green Tree BS, I'm still investigating and learning. I wouldn't not ever take a GT short sale again,,, if I get another one where I learn GT is on the 2nd, I'm not going to market the property until the 1st lien holder knows what's up & what it's going to take to close the short sale, I'm going to negotiate with the first on the premise that there will be NO buyer cash contribution PERIOD and they must release any future DJ or they can kiss the seller's butt and happy losing their buttocks as it goes to auction/REO status & the property gets vandalized and squatted in.
Bob Sluys said: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 them and they can't find it-I give them the loan number, owner SS#-but nothing helps . . .
Wendy Rulnick said:I am working with them as a first !
I got them to settle for less than 5% of sales price, but then found it was only for a lien release. They are pursuing my client for the difference. Does anyone have any advice For getting out of that?
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