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Greentree Has your seller not kept current

Posted by Cherrie Brown on January 20, 2011 at 4:51am in Short Sale Discussions
Greentree is the 2nd and has advised my client that if they do not keep current or no more than 30 days late they will not approve the short sale. My client isn't really in a spot to cover the $1500 payment every month and is in a true hardship... Have any closed with Greentree as 2nd? Any advice or tips? We  are just submitting. 2nd lien is 250k!!

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Replies

  • Rama Mehra February 2, 2011 at 7:42pm
    Greentree is one of the worst, just a notch below PNC. We had one where the loan was 250K and finally they settled for $40,000. They dragged it out for a year !!!! try and negotiate with them for less than the $1500 owed monthly. My seller landed up paying $400 to keep it out of collections
  • Leonard Williams January 31, 2011 at 5:39am

    I just closed with Greentree Inbox me here or at my regular email - leonard@leonardwilliams.me or call.

     

    I have lot's of advice, lot's of tips.

     

    I also have names and numbers to Loss Mit and Recovery.

     

    Leonard Williams

    Facebook.com/short.sale.help.today

  • brenda rogers January 21, 2011 at 10:34am
    that is not true.  they are just trying to get $$.  just doin' their debt collector thing.
  • Smitty January 21, 2011 at 5:06am

    We closed a Greentree second.  THEY SUCK.  It was a $66,000 balance and after back and forth for months we settled on $9000 payout as the homeowners had no money.  The approval came in and they clearly stated they were reserving their right to pursue the deficiency.

     

    AWFUL to deal with.  I haven't had them say the homeowner needed to stay current though.

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