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Company Loan Type APR Est. Pmt.

Greentree

Posted on: 07th Apr, 2009 09:48 am
Has anybody ever dealt with a "Greentree" foreclosure? If so what usually happens?
Hi

I haven't dealt with greentree. But their foreclosure process shouldn't be any different from the normal foreclosure. Have you faced any problem with them during the foreclosure process?
Posted on: 08th Apr, 2009 05:06 am
Not faced any problems yet, but will be going into foreclosure with them soon....Just wanted to know if they usually sue for deficiency amounts, or issue a 1099?
Posted on: 09th Apr, 2009 05:41 am
hi guest,

it is upto the lender whether they will sue you for the deficient amount or forgive it. generally, in case of a normal foreclosure, they sue the borrower, not always though. but there are ways to avoid foerclosure and save your credit from being ruined. have you tried a shortsale or a deed in lieu of foreclosure?

thanks,

jerry
Posted on: 10th Apr, 2009 02:59 am
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