license
  • Report: #1087374

Complaint Review: Green Tree Servicing LLC

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Wed, September 25, 2013
  • Updated: Wed, September 25, 2013

  • Reported By: GreenTree RipOffs — Seattle Washington
Green Tree Servicing LLC
PO Box 6172, Grand Rapids, South Dakota USA

Green Tree Servicing LLC Bogus "Escrow Cushion" Excuse to Ripoff Millions Grand Rapids South Dakota

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

 Since Green Tree has purcahsed the servicing of my loan from BAC, there has been nothing but illegal attempts to take money out of my pocket. This month, instead of my regular mortagage payment statement I received a statement that increased my monthly payment by $ 40. The payment is due in at the threat of late fees in 6 DAYS! No other finincial servicing company that I have ever dealt with presents you with an increase in payment without any explanation and functionally gives you no time to find out what is going on before you are slammed with late fees for non-payment.

So, what is the $ 40 for?  Well, after 90 minuutes on the phone with GT, it turns out it is not for insurance ( my homeowners insurance actually went down this year) nor is it for taxes, which did not go up this year. It is for an "Escrow Cushion". That's right an Escrow Cushion. And what is that? Well, it turns out that is simply a rationalization to collect money that is not owed, as there is no reason for it to exist, except to make money for GT.

What can you do? First, you can ask for an escrow waiver. An escrow waiver allows you to pay your own home owners insurance and taxes.Then, they have no reason to demand any money beyond principal and interest. You can also write your state AG with a written complaint, and ask them to contact Green Tree and ask them to legally justify each and every "escrow cushion" fee they are demanding of their clients, and force them to provide a 90-day advance notification whenever they plan to raise payments, which is how legitamate companies behave.


This report was posted on Ripoff Report on 09/25/2013 06:10 PM and is a permanent record located here: http://www.ripoffreport.com/r/Green-Tree-Servicing-LLC/Grand-Rapids-South-Dakota-57709/Green-Tree-Servicing-LLC-Bogus-Escrow-Cushion-Excuse-to-Ripoff-Millions-Grand-Rapids-So-1087374. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Green Tree Servicing LLC

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory