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At Greentree, we make the loan process frustration and hassle-free. See Fed. No advance notice is given to the public when a financial institution is closed. Just paid off a home and was going to sell and it has a lien on it. .Greentree denied us the Deed in lieu but offered a Hamp..There exact words were, Bank of America is offering you a Hamp. He even called my elderly parents and harassed them. It further found that Conseco was likely to succeed on its claims of misappropriation of trade secrets against North American relating to the actions of Podner and Kattleman, but not Bristol. Phone: Web: Category: Mortgage Companies Greentree Financial ripoff Tempe Arizona Business Rating: Rate this business Tell us has your experience with this business or person been good? As far as concerns the Lackey plaintiffs, what happened in arbitration is less clear. How can this be??? He went court I couldnt make it their because I had no transportation to get their, so the Judge signed the eviction paperwork. 2d 585 (2003) (quoting Gore, 517 U.S. at 575, 116 S. Ct. 1589). Conseco also presented evidence that in its Davenport, Iowa, office-after the filing of the lawsuit-the area manager, Rick Lasek, worked for both companies, copied thousands of Conseco lead sheets, sent them to North American, copied all of the HUD settlement statements from his office, and stated that his goal was to "put the mother [* * * *]ers [Conseco] out of business." After several months I was told I wasnt making the right payment and I owed them almost $5000.00 And unless I paid this wthin 2 weeks They were forcloseing on my home, So I borrowred the money and paid them I dont have any idea how I am going to pay this back. It did not, and by failing to do so, North American forfeited its argument to the extent that it was not forfeited by the failure to assert those grounds in their Rule 50(a) motion, We agree with the district court that the common-law claim of unfair competition has likely been replaced by the statutory offense described in the Missouri Trade Secrets Act. Conseco is a Delaware financial services company with its principal place of business in Minnesota. Is it still possible to be compensated? If anyone has a working Phone # or email address I can use to address my Title issue, please let me know . I tried to get a home equity loan. The jury's $3.5 million compensatory award was issued by general verdict, after the jury returned verdicts for Conseco on two claims, unfair competition and tortious interference. By selecting Greentree Mortgage Company, LP, you have chosen a lender who understands your needs, and is committed to improving your financial future. Rapid Growth: Mid-1980s Through the Early 1990s Satisfied with its recipe for acquiring and improving insurance companies, Conseco stepped up its acquisition efforts in 1986. All the while making my monthly mortgage payments I was wondering WHY my principal balance was not decreasing (4-year period), and the REASON WHY is because all but $100 was going to the INTEREST WHAT THE HECK DID THEY DO WITH MY INTEREST (As it was a LOCKED rate) BUT apparently not under the LOAN MOD!! The opposite of how it should work. My payment would be lower and I could get interest on my money in the bank to pay my taxes and insurance instead of the mortgage servicer holding it and making money off my escrow account. I can take your house! yelling at me. No Company should be able to charge the high of interest fees, plus I was charged for phone transactions. Missouri law places no limit on punitive awards, but requires that "when punitive damages are awarded by a jury, both the trial court and the appellate court review the award to ensure that it is not an abuse of discretion." [5][20] In May 2007, the company introduced a new marketing campaign, adding the tagline "People Are Smart" and including the signature line Home financing by GMAC to further help distinguish the Ditech brand from direct-to-consumer lenders of questionable repute. However, we do not consider this offense to be "comparable" in either substance or magnitude-North American's actions were widespread and affected thousands of people, most without their knowledge, and involved confidential financial records. R. Civ. My credit score was above 780, with no late payments. R. Civ. All crooks. And how does this company get away with this by changing their name constantly. As part of the agreement, Green Tree agreed to pay $48 million in restitution to victims, and a $15 million civil money penalty to the CFPB's Civil Penalty Fund for its illegal actions. I just cant imagine how the Goverment will let Greentree stay in business or how the people that work there look in the mirror knowing how many people they have hurt . Its unclear how much compensation each borrower will receive, but victims who receive money from this enforcement action can also pursue their own individual claims against the company. GreenTree Inn Santa Fe is a budget friendly motel offering air conditioning in the rooms, and it is easy to stay connected during your stay as free wifi is offered to guests. While 800-643-0202 is Green Tree Servicing's best toll-free number, there are 3 total ways to get in touch with them. .WHY? I have been terribly harassed and thousands of dollars in late fees and interest charges for the past 6 years only to get my loan transferred 2 other times to other loan companies without resolve. my payments are being sent back to me. Tried to get relief through an attorney has messed over me. These files were located in Kattleman's office at North American until he returned them to Conseco, as ordered by the district court in its TRO. Kattleman testified that he was uncertain as to exactly how the customer loan files came to be located in his office at North American. Galdieri-Ambrosini, 136 F.3d at 287. 1994)). GT uses unethical practices, and I keep making my payments on time but think about letting them have the 2nd home back because of the harassment. Contact Information. 1993). I lost a home to greentree then ditech, these people hired a company to come in and change the locks on my propertystole many belongings, sent list photos to ditech, company says theres no proof of the company doing any wrong doingthen out of the blueI had a $7,000 water bill claiming water running from my house to neighbors with a dry basement.. How do I find out if they did us wrong. And, interestingly, much of the improper activity occurred after Conseco filed suit, further reflecting the reprehensibility of North American's actions. Witnesses for both parties testified that the information contained in these files was recognized by all Conseco employees as confidential, and therefore not to be disclosed. Am., 408 F.2d 500, 503 (8th Cir. We will leave the question of whether tortious interference remains an independent claim to another court and another day. The case involves employees leaving an agriculture supply business to join a competitor. James S. Cole of St. Louis appeared on the brief. Requested payoff through government agencies and received payoff from ShellPoint. I had a loan with Greentree which the company did unlawful practices who do I reach out to for compensation. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system. I thought it was going to be a pain but Greentree was actually great to deal with. Finally, Scott Bristol, a former area manager at Conseco's St. Charles, Missouri, office, testified that although he did not have personal knowledge that any loan originators working under him in St. Charles made copies of customer loan applications, it was possible that such copying did occur. We affirm in part and reverse in part. Servicing Corp. v. North American Mortgage Co., 24 Fed.Appx. At the close of the evidence, North American sought judgment as a matter of law arguing that the there was no causal connection between the alleged wrongdoing and the damages. Thus, because Conseco received a large compensatory award in this case-$3.5 million-in the "absence of extremely reprehensible conduct against the plaintiff or some special circumstance" the large exemplary award cannot stand unmodified. This went on for 6 months, sending me mail I hadnt made my payment when I had made it on time. If Green Tree serviced your mortgage from 2010 to 2014, you might be due some compensation for alleged wrongdoings. App. See Mo. The court also defined "readily ascertainable" to mean that the plaintiff did not spend a great deal of time or effort compiling that information. By answering a few simple questions about yourself, and selecting the amount of money you would like to borrow. [7] Institutional partners can price, lock and deliver individual loans through the Ditech website. [16] Refinancing options include fixed rate, adjustable rate and FHA loans, as well as special financing programs such as HARP with expanded loan-to-value limits for qualified applicants. Hey my name is Patricia I purchased a brand new mobile home from her in 1997 and they are telling me to this day Im still paying on the interest its been 24 years Greentree got bought out so Im still paying interest the trailer was only 40,000!! Wish me luck. In fact, Green Tree's parent company, Walter Investment Management Corp. (WAC), is merging Green Tree with another of Walter Investment's well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company. Galdieri-Ambrosini v. Nat'l Realty & Dev. This list included the names and phone numbers of these customers. A review of the record leaves us with no doubt that the jury had sufficient evidence before it (albeit conflicting evidence) to conclude that North American had engaged in unfair competition and caused damage to Conseco. Borrow Brightly. [23] Later that year, the company's forward mortgage servicing and originations business Ditech Finance LLC was acquired by New Residential Investment Corp. and their reverse mortgage business, Reverse Mortgage Solutions Inc., was acquired by Mortgage Assets Management LLC.[24]. [18], Also in May 2014, Ditech announced new correspondent banking products and services including MyCommunityMortgage, FHA Program, Expanded LMPI, and Freddie Only. I think all of them are Scammers. The present scenario is clearly distinguishable. Specifically, North American argues that its conduct was not outrageous and did not justify the award, that there was no corporate wrongdoing by North American, and that the punitive damages were an improper remedy for its discovery abuses.10. Then my account was sold to Ditech that did a loan modification which have me owing an outrageous balance after being in our home for 11 years. Also notifying new media. The Greentree Way | Greentree Mortgage Company, L.P. Fortunately, authorities were able to track the location of the call and . I am still trying to get the documents from current mortgage service provider and having hard time. They could not find where I owed the money.. 2d 674 (2001). As such, the district court abuses its discretion in permitting a punitive damage award to stand when the award is so disproportionate to the factors relevant to the size of the award that it reveals "improper motives or a clear absence of the honest exercise of judgment." 1997). Hi my name is Megan & Im in a bad way with this company fixing to loose my home of 15 years that is suppose to already be paid off have no way to financially fight them cuz everything has went into trying to keep my home. Any correspondence will be noticed. I was forclosed on just before the lawsuit was awarded and Ditect are still sending me statements to pay morgage payments? From loan selection to approval and closing, we reduce the complexities and hassles involved in the entire process. The company has filed for Chapter 11 Bankruptcy for the second time in 14 months. In the year 2000 his salary increased to $400,000. We review the district court's denial of a motion for judgment as a matter of law de novo, applying the same standard as the district court. Green Tree Financial Corporation is the only company in the United States to specialize in manufactured home loans. Never explained that they were going to do this. [2] Following the acquisition, Ditech used the name of Walter's Green Tree Servicing subsidiary to originate loans for regulatory and licensing reasons. In response, Conseco sent a copy of Mambretti's letter to North American with a request that North American "cease and desist" from taking and using information contained in Conseco's loan files. Co. of N. Im 83 years old, Ive been harassed by Green Tree from the time I purchased the Mobile home in 2001, Ive saw the go from Conseco Finance, Ditech to all kinds of Finance companies, You want ever know who you dealing with, So who actually owns these companies now? The Manager had my car towed away, and I couldnt afford to get it out of impound. In 2010, my morgage was sold from BofA to Greentree Servicing LLC. Florida Office R. Chris Cottone Greentree Financial Group, Inc. 1000 S. Pine Island Road, Suite 210 Plantation, FL 33324 Conseco also filed a motion for a temporary restraining order prohibiting certain North American employees from taking, using, or disclosing documents from Conseco's loan files, and to return any information taken from Conseco's files. Green Tree made news in April when the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission ordered the company to pay $48 million in borrower restitution and $15 million in penalties to settle allegations of servicing failures that occurred from 2010 to 2014. Webb Agency, Inc. v. Commercial Standard Ins. Financed through Greentree in 1995 then went to ditech then shellpoint aka new rez llc even more shady. However, North American also introduced several new legal theories-related to damages-not distinctly articulated in its "Directed Verdict Motion." They claim they have left messages and I never received any messages. In 2012, I began paying my own taxes and insurance. Fed. I was evicted and thrown out of my Mobile, in the pouring down rain! Bristol testified that he believed between one to six of these leads resulted in new business for North American. North American responds that the Conseco employees engaged in these acts because of Conseco's financial woes, and that they were simply concerned about their livelihood. 366 were here. at 619, and we will not judge the credibility of the witnesses or weigh the evidence. They prey on people who are down on their luck with bad credit. Then they send me a statement that I still own them 20 thousand more. They been foreclosing on and now says owe over 49 thousand dollars due to missed payments then stopped taking my payments and sent my money orders stamped on back to me but call daily demanding full payment but told me only contact their lawyer that we got charged with! In March 2015, Ditech, along with Walter Investment affiliate Green Tree Servicing, announced the two would undergo a co-branding effort to become "Ditech Financial, A Walter Company," bringing Walter's origination and servicing entities together under one, recognizable brand name. To learn more about this transition from Green Tree to ditech, please visit www.ditech.com. My late husband put me in this bind, Im sorry Lynn for long text. Green Tree was so horrible they threatened me while in the hospital. . I would like to have my house back. As stated so eloquently-and simply-by Judge Posner of our sister circuit, "punitive damages should be proportional to the wrongfulness of the defendant's actions."
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