Why do people want to believe the bank is their friend? Those warm fuzzy days of friendly banksters are history. You especially can't believe what you hear from a bill collector such as Green Tree.
I know of Sacramento short sale agents who won't touch a Green Tree short sale with a 10-foot pole, but I'm not one of them. I routinely get Green Tree short sales approved. Even though Green Tree can be very aggressive. I hear from my Sacramento sellers how Green Tree treats them. They hound them to death.
Green Tree calls over and over to demand payment. And why not, it's their right to do so if the loan they are servicing has not been paid. What I object to is the outright lies told by Green Tree representatives. They know people will believe them. They know how to intimidate. They don't lean back in their fat-ass chairs to blow smoke rings in the air and squeeze stress balls for nothing.
See, the thing is a short sale seller is a responsible person. A non responsible person will walk away. A short sale seller is trying to do the right thing. This type of person has probably never been late with payments or had a single credit ding on a credit report until he or she tried to do a short sale. It's almost like throwing a baby mouse into a snake-infested den. The defenseless get devoured.
Speaking of which, have you ever seen a snake regurgitate? A snake's jaws open wider than you would ever imagine. You can watch the bulge in the snake's body move up the line in spasms. It's really a disgusting but fascinating event. I once saw a snake swallow a frog whole and then vomit it back up. The frog hopped away. A short sale seller isn't so lucky after Green Tree gets done with them.
Green Tree told a seller yesterday who had a Notice of Default filed in April that she was 30 days from auction. Its rep said there was no reason to go after a short sale. The agent emailed me to ask if she should pursue the seller for a listing. The answer to that question is no. But not because Green Tree lied and not because it's a Green Tree short sale, but because the seller is not motivated. A short sale agent is here to assist not to manipulate.
There is a federal law protecting consumers that says bill collectors are not supposed to lie. Fair Debt Collection Practices Act. But who enforces that law? Sellers have told me that Green Tree has pressured them to make a payment by saying their short sale will get denied if they don't. They get away with this crap. And they'll continue to get away with it as long as people continue to misplace their trust in undeserving sources.
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