The article below discusses the actions being taken regarding servicing violations, specifically on Green Tree Servicing, LLC.
A portion of the article is specifically related to short sales. Discussing the programs developed by the lender to assist borrowers who have trouble making their payments.
"For troubled borrowers, GreenTree administers short sale and foreclosure relief programs provided by the owner of the loan. These “loss mitigation” programs provide alternatives to foreclosure."
Two major allegations against this lender are: delayed short sales and demanded payments prior to providing loss mitigation options.
To read more on the issue...find the whole article at:
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