Florence
HUNTERSVILLE,#2Author of original report
Tue, May 30, 2006
I understan perfectly well the rrequired insurance on loans, but if the insurance was so legit, why did they drop the 2 and call themselves giving me a refund. They are a bunch of crooks and they should be put under a jail. By the way, I understand interest too but they were rediculous. They are just thieves. As for late, I do not do late. I pay my bills on time or before time and I have the credit rating to prove it, even with Greentree. As for the the lawyer, your client is probably 100% true. If possible I would love to help. FAJ
Tina
Coldwater,#3Consumer Comment
Thu, May 25, 2006
I am not a consumer of Green Tree by choice. My mortgage loan was originally established through, i believe, Bank of America, and has since been sold 3 (or is it 4?) times now. Ive been bounced around so much in the last 12 years its hard to remember. The one thing that has been constant, is the astranomical 12 1/2 % interest we have been paying. My big complaint with Green Tree, is the brick wall i keep running into, in trying to pay off my loan. When we bought this home 12 yrs ago, my husband and I were 1 month pre-wedding, so the loan/mortgage went into his name only. When i tried to call to get the pay off amount on the loan 2 weeks ago i was told they could not give me that information because i am not a legal party on the account, that they would have to get permission from my husband before they could release that information to me. I, perhaps, could swallow that theory if... 1. they not in the next breath begun to tell me how much our payment was and harrassing me to make or set up a payment in that amount. Am i or am i not a person they can deal with, how can it go both ways? 2. if i was not the only person that has dealt with this account over the last 12 years. They have my name documented in their systems and know me by name when i call. 3. if they hadnt not only been given permission, but been TOLD on numerous occassions by my husband to deal with me and not bother him in regards to this account. Green Tree had made it a habit of calling him at work, and he has made it clear to them more than once to not call him at work, and he went so far as to give them my cell phone number and tell them to always cal and deal with me, his wife. Apparently they dont make very good notes in their records, or they are conveniently ignoring said notes in order to prolong my account. Who knows which. Disgusted with them, i referenced my last statement, which said my principal amount was 6196.00, and i cut them a check for 6000.00. I figured this would get me close enough to pay off that once they sent me another statement i would make one final payment and be done with Green Tree. Things can never be that easy though, can they? Its nearing the 1st of the month when my June payment would be due and ive recieved no statement. Today i called to inquire about my 6000.00 payment, and no one knows what im talking about. It hasnt been posted to my account, and "sometimes it takes a while to post payments".........its been 10 days. I can just see the 12 1/2 % tacking on some more. Sad, we bought this place for 23000.00 12 yrs ago with a 3000.00 down payment, 12 yrs of payments, plus a recent 6000.00 payment, and im still not rid of this loan. I cant yet say that ive been ripped off of anything, but they sure are PILLS to deal with. ITs the mortgage that never ends my friend. :(
Brian
Indianapolis,#4UPDATE EX-employee responds
Thu, May 25, 2006
Okay, I find myself laughing as I read your half tue comments...the illegal insurance you mention is actually CPI insurance (COLLATERAL PROTECTION INSURANCE)every financial company in the county has language in the contracts that stipulate the purchaser (you) must have full coverage collateral insurance for every day of the loan contract. When you sign at the bottom of you oan, that gives the lender the right to track this insurance and if there is a lapse in coverage they legally have the right to force a policy on the loan. (YES, YOU DID APPROVE THIS) Theefore when you continually do not supply your own insurance, your contract value will increase, not to mention when you pay past due on any installment loan (THESE LOANS ARE MADE AROUND 30 DAY INSTALLMENTS, YOU MUST PAY EVERY 30 DAYS)there is more interest billed. You question simple interest! All intallment loans in every company is simple interest, unless you want a credit card loan!!!
T.l.
Decatur,#5Consumer Suggestion
Wed, May 24, 2006
Don't know if your attorney ever followed through, but I recommend you keep trying. I have a client (I'm an attorney) who has reported to me the exact same thing you report here. I'd be interested in knowing more about your case as I begin to research the facts of my client's.
Lisa
Bellaire,#6Consumer Comment
Sat, February 25, 2006
us to lied, cheated, stole from me
Florence
HUNTERSVILLE,#7Author of original report
Sat, January 07, 2006
Regarless to what you say and I have the proof. Green Tree gives "simple interest" a new meaning. For your information my situation was none of the ones you meantioned. But for the record, I mailed my January payment due January 15th on December 28 before I got the bill and it was posted on Jan 5. This is a first. I just knew it would post after January 8, because the one I mailed Nov 25 posted Dec 8, 2005. If I paid late or missed payment or anything, I would not have a problem with Green Tree. I have redit cards, and a house loan but nothing is like this cheaters and thieves. They have lied and stole money for 6 years but thank God it is almost over. FAJ
Robert
Aliso Viejo,#8Consumer Comment
Tue, January 03, 2006
I am confused on this "simple interest" comment, what type of interest do you feel you should be paying? All mortgage loans are based on "simple interest", opposed to compounded interest that credit cards charge. Did you ever think that you might have a interest only loan and that's why the balance has not gone down at all. There are only 2 ways a mortgage balance can go up, one is by getting a negative amortized loan where you are deferring interest to the end of the loan. The other way is by not paying enough each month or not paying at all for a few months and the mortgage company adds legal fees, late fees and whatever else they can come up with.