Green Tree Servicing LLC Reviews and Complaints All Reviews

jolischmidt's Picture Comment by jolischmidt  0

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My 2nd mortgage was also sold to this company which is how I've acquired them. This company is famous for not posting payments on purpose because their mortgages are simple interest. They work just like a credit card. Every day past the actual due date just acrues more interest--not necessarily late fees unless you go outside their 10 day grace period but you will get no principle reduction which means you will never pay them off. I would not trust them with an automatic draft my account--no way. Too shady. You're only option to truely track your payment and accurate posting date is by using their "western union quick collect" option which costs an additional $12 per month or using an overnite or us mail carrier with a signature. Fortunately my husband works for Fed Ex so I can overnite for a minimum cost. I was using "bill pay" via my credit union & since Greentree cannot accept electronic payments--except for Western Union--the credit union would have to cut a check to them. I've even had the credit union on the phone with Greentree on a three way giving Greentree check information & mailing dates to prove I had made a payment. Right now with the market the way it is, we don't have the equity to refinance so I just keep overniting my payment to them monthly so it hits on the due date to get my full principle reduction. This company really should be put out of business. And mortgages of this type should not be allowed to exist. They put innocent consumers in a position to never be able to pay off their home. Lisa S. Glen Burnie, MD

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