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Showing results for tags 'Green Tree'.
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Hi CB. I need some help with Green Tree. So far, I've opted out and removed all old addresses from the 3 CRAs. Then I DV'd Green Tree over a foreclosed property I owned. Green Tree responded by sending me a copy of the OC's contract. I then proceeded to DV them again and enclosed a copy of my complaint with their State's AG's office. Now, I'm just planning my next move if this doesn't work out in my favor. Some additional facts are: 1. Past SOL for CA 2. C/O only shows on EQ and TU 3. The original loan was acquired by GT 4. OC does not show on any CRs 5. DOFD does not reflect on any CR I have hard copies of my CRs in front of me and can answer most questions. I may be slow with any questions containing acronyms. Sorry. I'm just slow. Any help would be greatly appreciated.
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In 2008, I stopped paying on my house and gave the keys to the first mortgage holder, Ocwen. They paid me a small sum to leave the house in good order. The value of the house was approximately the same as what I owed to Ocwen. Ocwen is all set. The 2nd mortgage holder got nothing. I owed them approximately $125K. I think the 2nd mortgage holder was First Financial. At some point they received a judgement against me. They never were able to collect on this debt. Now the mortgage seems to be owned by Green Tree Servicing. I would like to settle this debt, but I have some questions. 1. Is there any law or loophole that will enable me to close this loan without paying anything? I know this sounds like wishful thinking, but there were lots of laws and bailouts so who knows. 2. If I do settle with Green Tree, what percentage should I offer? 10%? 15%? Does anyone have experience with this one? 3. If I do settle for less than the loan amount, will I owe taxes on the forgiven amount? 4. Is there anything else I should know about Green Tree or this process? Thank you in advance for the help. Seashell
