Catbox4
Murrieta,#2Author of original report
Wed, November 25, 2009
I am sorry to hear you are experiencing the same difficulties. It really is embarrassing and draining, but you would think that these idiots would realise that the effects of the downturn in this economy are non-discriminatory. By this I mean they treat you as though you are the lowest piece of scum, who just doesn't feel like paying your bills - not a previously successful person who has maintained a 740 credit score, and just became a product of this recession.
As far as refinancing - if your property is worth less today than you owe, you will be unable to re-fi. In my case, my house lost $100,000 in the first year ! However, GreenTree received $221.8 million from the government which is to be used to provide assistance to people more than 60 days late. As of these figures, (((Redacted)))
they are only assisting 17% of eligible people. I wonder how that figure would change if the source knew that GreenTree are telling people (me) that they cannot submit a loan modification unless you bring your payments current or to only 30 days late. I should also mention that apparently, you have to be 90 days late before they can send you a notice of default. I find it strange that at this point, I am just less than 60 days late and they sent me one already. Is there NO-ONE tracking these companies, and making sure they are spending this country's money as they are supposed to? Isn't the fact that no-one was paying attention to mortgage companies, lenders etc., a HUGE portion of the reason we are in this predicament? Anyway, I would like to know which state you're in - if you're in Cali I may be able to provide you with some necessary info. Either way, I would get on the phone again with the Hope Hotline (3-way), and make them tell you the reason for denying your modification. Also, you should read all the info on their site (for what it's worth, I know!), and any other info you can get your hands on. Check out the link I provided, I just found that site today and there is some interesting info on there. Write down names, times and what was said anytime you communicate with your lender or the hope hotline. Wherever possible, send letters indicating what was said, by whom, and what you are going to do or want them to do next.
I wish you the best of luck - don't give up. If nothing comes of it, at least you gave it your best shot.
Pegi
Sylvester,#3General Comment
Wed, November 25, 2009
Bank in July of this year 2009; I was let go from a company I was with for five years due to the economic fall; so being pro-active I contacted Green Tree as the govermental site that I visted on Modifications informed me to do; since Green Tree was posted as participationg, and I was told by an individual that a package would be mailed to me. Well two weeks went by and noting so I called. I was told then they did not have the package together as to date; I live in a state where we are in the top 10 of unemployment ratings and at that time had taken a job with half the income that I was use to, but have to make ends meet some how and all of this I informed Green Tree the whole way. My rep frome the goverment agency also did a three way with Green Tree and still recieved nothing other then I just had to wait till November.
Well November rolles around and I call them again, and I am told I do not qualify for this. I sked why? they beat around the bush and never gave a reason. I had sent the Modiificaton Package paper work which I got off line on a goverment site to Green Trees crop addresss cerified return so they could not say they did not receive it. Well after a month they sent a letter back saying that I did not qualify with no explinaion. I was originaly with Bank of America and they sold my account to Green Tree, and was in good standings with them for over 13 years; if I only knew the snake they are prior to now, I would of refinance with someone else. the money that I owe with them never goes down, and when I ask for pay-off figures I am given differnt amounts. I have asked for paper work from them (my contract) which they will not send, and I have never signed...
So my advice to you is if you at all possible can refiace else where do so.......but they (Green Tree) are taking advantage of us those that have lost their jobs due to no fault of our own, and we are stuck since no job then the possibility of re-financing are noll and slim and they know this...I got behind a month and they like you said called at least four times a day, over and over differnt people each time, I have gotten to where I do not pick up the phone any longer whenit is them. I have informed them when my situation changes I will call them...I am in the process of contacting my State Rep and any other representative I can to let them know of Gree Trees practices, if I could I would go to Wahington and ask Obama about his Modification program, since it is not working for me, maybe the rich it is helping thise that bought homes cheap to turn around and the intrest rates where high on their 20 houses they got stuck with, but me the common person it is not working for. I have since informed Green Tree that our conversatiosn are being recorded, and since then there has not been any calls. As you said they are very demeaning with you onthe phone. I am only one month behind have asked for an extension which they will not do and have threated forclouser so I feel I amy have to talk to an attorny which I can not afford either. Oh well so is th elife with Green Tree.
Wish you luck if you come across any information that may help the both of us plese let me know.