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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!!
16 Replies

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

Started this discussion. Last reply by ang Mar 6.

 

Bob Sluys's Page

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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
Maria Evans replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'
Emily, There is one person who can help us at NAR. His name is Jeff Lischer and he is in Washington dealing with banks on this Short Sales problem. More realtors need to call him (NAR will give his phone number) and ask for help with those problem b…
February 12
Emily S. Knell replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'
That's an AWESOME way to put it Maria,,, I'm going to use that line in my next email to BofA. "They sold their negotiation power to Green Tree" thanks!
February 12
Emily S. Knell replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'
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 lie…
February 12
Emily S. Knell replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'
*** Try calling 877-567-3434 X32294 it'll ask you to put in the extension number again, just stay on hold. This is their Recovery Dept., which may be where the loan has gone to. Ask nicely to speak to, be transferred to or leave a VM for "Leanne Edw…
February 12
Ron Hollingsworth replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'
I have property with a 2nd of $72k and Gree Tree wants $17k and will NOT budge off this amount. I won't be taking any more properties with Green Tree involved.
February 11
Emily S. Knell replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'
They demand 5% of the purchase price be paid to them. They won't budge for less. They won't negotiate or take 10% of what was owed.
January 29
Maria Evans replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'
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 G…
January 26
Bob Sluys replied to Bob Sluys's discussion '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 them and they can't find it-I give them the loan num…
December 9, 2009
Wendy Rulnick replied to Bob Sluys's discussion 'GREENTREE!! HELLLLLPPPPPPP!!'
I am working with them as a first !
December 9, 2009

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