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Company Loan Type APR Est. Pmt.

Greentree

Has anybody ever dealt with a "Greentree" foreclosure? If so what usually happens?

savior70's picture
savior70 | Joined: March 25, 2009 05:14 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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?

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:35 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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?

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:35 | Post subject:

jerry's picture
jerry | Joined: October 17, 2005 03:24 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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 [url=http://www.mortgagefit.com/deed-lieu.html]deed in lieu of foreclosure[/url]?

Thanks,

Jerry

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:35 | Post subject:

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