To beat Greentree, call their corporate office in Minnesota, - 651/293-3400, and, ask for the Operations Manager for the state in which your short sale property is located.  Get their contact info., phone number and e-mail, and things get done!!!!  We contacted the guy for Florida and had an approval letter less than 24 hours later!!!

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What is the best way to find out who the investor is on a note.?



Tammy Shuyler said:
I have so appreciated reading all the posts here and finding them very helpful. I currently have a short sale first with Chase and 2nd with Green Tree. GT is insistent they receive 5% of the purchase price. My question for any of you, aside from Chase increasing their offer (which is only 2%), what other ways can I make up the difference besides seller contribution or buyer bringing the cash to make up difference. If buyer increases their offer to make up difference, potentially Chase won't simply allow that additional amount to go to GT. I am only $4300 apart between Chase's offer and GT demand. My buyer is a cash buyer.

Ben Benita said:
Adela - Greentree (like ALL Servicers) get threatened with "Bankruptcy" a great deal.....in the script the negotiators read to you from, they are SUPPOSED to call you out on this anticipating it is a bluff (b/c 99% of the time it is).

BEST MOVE -- have your Seller meet with a BK attorney and have that attorney send over a letter noting the circumstances....this works best......

GT WILL settle most of the time for 10% of the principal balance.

As ALWAYS, finding out who the Ivnestor is on the note is the best move for ANY short sale....

You can also try https://www.mers-servicerid.org/sis/ to find out who the investor is....

To find out who the Investor is, ask your negotiator:

Is this a portfolio loan (where the Invstor and Servicer are the same
or
is there a private Investor holding this note (can be tricky to find out WHO this is, but, it can be done)
or
is this a governemetn backed loan - (Fannie, Freddie, VA, etc.....if you learn the loan is VA, apply for a VA COmpromise Sale, whereby the VA will cover ALL losses on the loan.

To see if a loan is held by:
Fannie Mae - http://loanlookup.fanniemae.com/loanlookup/
Freddie Mac - https://ww3.freddiemac.com/corporate/

Go kick some butts!!!

Need some back channel numbers for Greentree. Can you help me? :-)

Leonard,

 

what's the situation? Best phone# for loss mit is 877-816-9125 ext 33191.


Leonard Williams said:

Need some back channel numbers for Greentree. Can you help me? :-)

FYI,

 

Any non-discolosed transaction's to the HUD one is in violation and can charged as fraud!

Leonard Williams said:

What is the best way to find out who the investor is on a note.?



Tammy Shuyler said:
I have so appreciated reading all the posts here and finding them very helpful. I currently have a short sale first with Chase and 2nd with Green Tree. GT is insistent they receive 5% of the purchase price. My question for any of you, aside from Chase increasing their offer (which is only 2%), what other ways can I make up the difference besides seller contribution or buyer bringing the cash to make up difference. If buyer increases their offer to make up difference, potentially Chase won't simply allow that additional amount to go to GT. I am only $4300 apart between Chase's offer and GT demand. My buyer is a cash buyer.

Ben Benita said:
Adela - Greentree (like ALL Servicers) get threatened with "Bankruptcy" a great deal.....in the script the negotiators read to you from, they are SUPPOSED to call you out on this anticipating it is a bluff (b/c 99% of the time it is).

BEST MOVE -- have your Seller meet with a BK attorney and have that attorney send over a letter noting the circumstances....this works best......

GT WILL settle most of the time for 10% of the principal balance.

As ALWAYS, finding out who the Ivnestor is on the note is the best move for ANY short sale....
Any luck with GT?!

Leonard Williams said:

Need some back channel numbers for Greentree. Can you help me? :-)

Thank you for this information - I may need to make the phone call on a second one of my client's has with them.  They told me they would not participate with the HAFA program even though the first will, and I haven't had this happen so I am not sure what to do.  My client is willing to pay on the second, sooo, trying to sort through and research.

I have an approval letter with BofA (1st mortgage) and the 2nd mortgage is with GreenTree (originally with BofA).  BofA has approved $2500 for the 2nd, but GreenTree wants $3,815.70 (10% of the payoff balance).  After exhausting all the options mentioned in this thread (I called Corporate and asked for Florida Operations Manager several times but got tossed around from person to person and eventuailly ended up in the collections dept), we are at a crossroads. I was able to get the investor, which happens to be GT themselves, but the rep told me that GT would allow 5% of the purchase price ($3000) or 10% of the payoff bal ($3815.70) whichever is greater. I was also told by the rep that BofA still has to sign off on the loan and she made it seem like the more money I got the 2nd, the better. I advised her that BofA is also the 1st mortgage and they approved $2500, she plainly replied, "Go Figure!" The negotiator is not very cooperative and the seller does not have the funds for the difference. Does anyone have any suggestions?

Anna, Can you post the contact numbers for Jacksonville Fl.  I have a property in the Arlington section of Jacksonville FL. Thanks

Did/Can anyone post the name and phone number to the operations manager for CA?  my client has a 1st with Chase (formerly EMC) and a 2nd with Green Tree.  I've had this offer in the works since August and have been lucky enough to keep the buyer throughout the ordeal.  Finally have been able to get Chase to accept and offer $20k initiative to seller, which we're using to satisfy repairs and GreenTrees (2nd after initially agreeing to a lower settlement amount) amount.  But the negotiator has given me only 24 days to close in a month which has a holiday.  I requested the 45 days (as spelled out on the Form SSA used here in CA for Short sales) the day after he faxed me the acceptance letter (almost a week after in was approved even though I called a variety of times during that week).  Well haven't been able to get in touch with him, think I may have been flagged because none of the other agents want to touch the case with a stick and the guys out on vacation till 2 days before the authorization expires.  Anyone have any clues?  Really trying to avoid additional fees/interest being charged

I will be getting two short sale listings with GT as first and only lien holder. I tried to call the corporate office to get the Operations Manager for New Jersey. I have been transferred so many times. No luck! Does anyone know the contact info? This will be my first time to deal with GT. I have done a lot of other SS with other banks. The thread I read about dealing with this bank is discouraging.

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