Greentree Servicing
gtservicing.com
Alabama 35404
U.S.A.
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Greentree Servicing ripped the big one at 80 years old Greentree Servicing Alabama
1Author
1Consumer
0Employee/Owner
Iam not good at this, but i can write long enough to say that Greentree is awful. Im 80 years old got a mortgage in 1995 and still paying. It seems like the more we pay the more we owe. they call all times of the night, scaring my wife. they call my daughter in law at work putting her job in trouble. what can i do? please help me. if anyone can direct me as to what to do, i would appreciate it.
12yearsofhell
TUSCALOOSA, Alabama
U.S.A.
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REBUTTALS & REPLIES:
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1Consumer
0Employee/Owner
Updates & Rebuttals
#1 Consumer Comment
AUTHOR: Nikki - Coconut Creek (U.S.A.)
SUBMITTED: Sunday, October 28, 2007
POSTED: Sunday, October 28, 2007
With all due respect, if you got a 30 year mortgage in 1995, of course you are still paying. You will be paying until 2025.
Say, for example, if you got a $65,000 mortgage in October, 1995, and your interest rate was 8%, you would still owe $55,000 in October, 2007. That's right. After 12 years of paying about $475 per month (a total of $68,400), you would still owe $55,000 (only $10,000 paid off). That's the way mortgages work. Also, if you have been late or in default before, extra fees are tacked onto that.
If you don't make the payments, they will take your home away from you. I understand you are getting older, but you are still required to make the payments. Please speak with your daughter and maybe she can explain this to you. Have her help you find a loan amortization calculator online and you can see how your payments are applied.
If your home is worth more than you owe (which it may be if you have had it since 1995), do not let them take your home. They will get all the equity you have. Please have someone help you with this!
