Green Tree Servicing is Scamming Me, You and Others!
So, I have townhouse in Charlotte, NC. I bought back in 2008, just before the market fell apart. The mortgage holder at the time was Bank of America.
Last year, BOA sold the loan to Green Tree Servicing. I should have know when I opened the very first mortgage statement from Green Tree that something was terribly amiss. The mortgage payment was $200 less than what I had been paying to BOA. I shrugged my shoulders, tossed the statement aside and continued paying what I had since I bought the property.
Back in May I received a call from Green Tree. The agent told me that while they had received my mortgage payment, it was short. I asked how that was possible - I paid what I had been paying for years. The agent advised me that it was short because Green Tree had placed a "forced" insurance payment on the property. I asked why had that happened? I pay my insurance premium to Allstate every month. The agent said they had placed a forced insurance payment on the property because it was under-insured.
Huh???
Well, the women went on to say, you see the exterior of the property is not insured. I said, it's not insured by ME -- but it is insured by the community in which the townhouse sits.
You see these town homes are treated the same way as a condo. I'm responsible for everything from the sheet rock in....
But this woman was adamant that I was responsible for EVERYTHING...
I said if this was the case, why in the 3 1/2 years that the property was with BOA, did BOA not place a forced insurance payment on the property? To that I received silence. In any case, by the end of the conversation the woman realized that she wasn't even looking at the correct insurance policy. She advised me to have a good day and hung up.
A few weeks later, Green Tree called again. This time I was told that they had placed a forced insurance payment on my property because it was not insured between Jan and April of this year.
Huh???
In any case, I contacted my insurance agent with this news, and his weary voice told me that this was not the first call he had received with this information. He advised that the information had been sent to Green Tree, but he would resend it.
I googled Green Tree and found hundreds of complaints about the company. Many of which describing exactly what I'm going through. The complaints range from harassing phone calls, threats of foreclosure, missing escrow money...and so on...
I pulled this from World Free News:
"I’ve also read about missing escrow money, to which Green Tree Servicing LLC will claim that there is no longer insurance on the home and they force an insurance purchase with, you guessed it, their home insurance branch. How do they do this? Law requires that your home be covered by insurance when there is a mortgage or a lien. Green Tree Servicing LLC misplaces insurance letters from actual insurance companies, or doesn’t account for escrow money properly."
I've lodged a complaint with BBB -- but I think that social networking will be the most effective way to get the word out about their unethical business practices. Please, please take a moment to tweet this and/or share on FB...Let's come together to bring attention to this!!!
Bernice L. McFadden
Last year, BOA sold the loan to Green Tree Servicing. I should have know when I opened the very first mortgage statement from Green Tree that something was terribly amiss. The mortgage payment was $200 less than what I had been paying to BOA. I shrugged my shoulders, tossed the statement aside and continued paying what I had since I bought the property.
Back in May I received a call from Green Tree. The agent told me that while they had received my mortgage payment, it was short. I asked how that was possible - I paid what I had been paying for years. The agent advised me that it was short because Green Tree had placed a "forced" insurance payment on the property. I asked why had that happened? I pay my insurance premium to Allstate every month. The agent said they had placed a forced insurance payment on the property because it was under-insured.
Huh???
Well, the women went on to say, you see the exterior of the property is not insured. I said, it's not insured by ME -- but it is insured by the community in which the townhouse sits.
You see these town homes are treated the same way as a condo. I'm responsible for everything from the sheet rock in....
But this woman was adamant that I was responsible for EVERYTHING...
I said if this was the case, why in the 3 1/2 years that the property was with BOA, did BOA not place a forced insurance payment on the property? To that I received silence. In any case, by the end of the conversation the woman realized that she wasn't even looking at the correct insurance policy. She advised me to have a good day and hung up.
A few weeks later, Green Tree called again. This time I was told that they had placed a forced insurance payment on my property because it was not insured between Jan and April of this year.
Huh???
In any case, I contacted my insurance agent with this news, and his weary voice told me that this was not the first call he had received with this information. He advised that the information had been sent to Green Tree, but he would resend it.
I googled Green Tree and found hundreds of complaints about the company. Many of which describing exactly what I'm going through. The complaints range from harassing phone calls, threats of foreclosure, missing escrow money...and so on...
I pulled this from World Free News:
"I’ve also read about missing escrow money, to which Green Tree Servicing LLC will claim that there is no longer insurance on the home and they force an insurance purchase with, you guessed it, their home insurance branch. How do they do this? Law requires that your home be covered by insurance when there is a mortgage or a lien. Green Tree Servicing LLC misplaces insurance letters from actual insurance companies, or doesn’t account for escrow money properly."
I've lodged a complaint with BBB -- but I think that social networking will be the most effective way to get the word out about their unethical business practices. Please, please take a moment to tweet this and/or share on FB...Let's come together to bring attention to this!!!
Bernice L. McFadden
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