The company has filed for Chapter 11 Bankruptcy for the second time in 14 months. I have no escrow. Greentree-financial.com is an online marketplace where a lender can give you a decision instantly for the funds you need. I hired a lawyer in May this year. Contact Information. .. 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! They have been sued and need to be sued again. Between Green Tree and the Mobile Home Park Manager of the Mobile Home Park. . Fed. This went on for 6 months, sending me mail I hadnt made my payment when I had made it on time. Must Convert Temporary Loan Mods into Permanent Ones. File it with the cfpb and ftc. Bristol testified that he believed between one to six of these leads resulted in new business for North American. Two of the loan originators that Lasek recruited to leave Conseco with him eventually returned to work at Conseco-after a change of heart-and testified about Lasek's actions. of Elec. We agree. Am., 408 F.2d 500, 503 (8th Cir. 1998). After such consideration, we find that the $18 million punitive award does not comport with the requirements of the Due Process Clause. Greentree did nothing to help me resolve the situation. [7] The strategy encompasses direct consumer lending and correspondent lending. Cons. The lead sheets are a product of a specialized-and apparently quite effective-computer program that was uniquely Conseco's. Tempe, AZ 85283. In some instances, the former Conseco office managers also took their staffs of loan originators with them to North American. Therefore, Conseco established a second misappropriation claim in regard to those specific loan files copied by Podner just prior to his resignation from Conseco. My mortgage was only suppose to last for 30 years. I pissed when I want as no man woman or child will ever decide when I piss but that is inhumane. However, the record is clear that the district court repeatedly rejected Conseco's requests that it be allowed to introduce evidence of North American's discovery abuses. 21 Things That Can Raise Your Mortgage Rate. The transition concluded in the second half of 2015. Conseco produced evidence that would allow a reasonable finder of fact to conclude that there was at least a threat of misappropriation of the trade secrets contained in these fourteen files. We got calls..sometimes two or three a day. I am a single parent I had a house fire it was total loss Green Tree kept calling about the insurance check when insurance paid I gave check to Green Tree which should have paid my house off instead I had to pay the remaining balance to them and me and my children had no place to live. However, the district court denied North American's summary judgment motion relating to misappropriation of lead sheets, documents in Conseco's loan files, unfair competition, and tortious interference with business relations. If the Rule 50(a) motion is denied and the case is submitted to a jury, the movant must renew the motion once again in order to preserve the issue for appeal. Required fields are marked *. How can this be??? Both Greentree and Ditech are thugs. I had a modification done with Bank Of America. Punitive damages are also subject to limitations imposed by due process. If specificity is lacking, judgment as a matter of law may neither be granted by the district court nor upheld on appeal unless such a result is "`required to prevent manifest injustice.'" Greentree made my.life a nightmare. By answering a few simple questions about yourself, and selecting the amount of money you would like to borrow. In order to recover damages for unfair competition, Conseco was required to prove 1) the existence of a trade secret, 2) the communication of the trade secret to another, while that former employee was in a position of trust and confidence with Conseco, and 3) the use of the trade secret that damaged Conseco. Business Outlook. STE. "This court has made it very clear that where the court submits a single damage question for multiple claims and where the evidence supports the actual damage award on any of the claims, the award will not be set aside." To insure the confidentiality of these lead sheets, Conseco requires all employees to sign a form that acknowledges their receipt and understanding of the contents of Conseco's Employee Handbook. I cant get in touch with anyone to get it off. We do, however, make this procedural observation-North American failed to raise the issue of submissibility of the tortious interference claim in its directed verdict motion either at the close of Conseco's case or at the close of all evidence. Helping Clients With Custom Financing Options And Consulting Services, Greentree Offers Direct Financing And. Where do I go? Show Transcript. I was making them but they were not posting my payments or giving me credit and ruined my credit, claiming I was late. Now Green Tree has placed Lien on a separate Property I have already paid off. We, however, affirmed the decision of the district court to deny the injunction. I was harassed and have $837 plus in late fees due to their shenanigans plus no telling how much interest was addressed to my balance. Consequently, we agree with the district court that the lead sheets and the information contained in Conseco's customer loan files constitute trade secrets within the meaning of the Missouri Uniform Trade Secrets Act.6. but my Manager refused to take the payment. They claim they have left messages and I never received any messages. This company or like vultures and dont care whom they may devour. Podner further testified that in his line of work, it was very common to help new loan originators in this manner, as it is much easier to generate new business with customers who have previously conducted business with Conseco. thank you Jill Hardwick. [1], 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. P. 50(b); Martin H. Redish, 9 Moore's Federal Practice 50.41 (3d ed.2003). Find locations. North American sought this information in an attempt to pursue Conseco's loan customers and business leads. Sign up for our free summaries and get the latest delivered directly to you. I would end up hanging up and they repeatedly called me plus after 9pm trying to harass me more. They never did give me the interest rate they charged my, so 4yrs basically paid towards interest and my taxes.all but a freaking 100bux Please do contact me to see if I qualify for this class action suit! Green Tree was so bad I filed complaint with the Department of Business Oversight in California. Another of North American's witnesses, Perry Schatz, testified only five percent of Conseco's leads result in a funded loan. My loan started out at 48,000 on my double wide, paid on it for about 16 years and now owe 67,000 on it. Im to the point now where I am contacting my own attorney in order to resolve everything. Id. Indeed, the conduct involved repeated actions in multiple offices.13 North American's actions also involved trickery and deceit, and an utter disregard for Conseco and-even more heinously-the privacy of its customers. 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. We work with many lenders as well as advertisers and other networks across the nation. Servicing Corp. v. North American Mortgage Co., 24 Fed.Appx. I asked for a payoff amount and they refused to give it. Ditech. I was thrown out in the poring down rain with no place to go. 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. The instant appeal ensued. Did GT pay off CFPB? I was refused several times for a modification. It purchased Lincoln Income Life Insurance Co. and Bankers National Life Insurance Co. for $32 million and $118 million, respectively. Website. Susan, If u would look at the back of your billing statements, it will tell you where to file your complaint. Please put our name on a Class Action Suit. Thanks Kevin. They have doubled my monthly mortgage beyond my ability to pay even if I way not a disable vet. If you dont mind please contact me at 409-277-0420 Im in serious need of advice. I still want relief. It was their error. Visit the following to file claim or get information about filing claims etc: you need to exercise patience as the telephone numbers doesnt seem to work. 1993). We were forced into renting our condo due to housing collapse that prevented us from selling it. On August 31, 2015, Green Tree Servicing became ditech, a Walter company. (800) 700 . Greentree Financial Group, Inc. 19720 Jetton Road, 3rd Floor Penthouse Cornelius, NC 28031 (704) 892-8733 Office (704) 892-6487 Fax mikebongiovanni@gtfinancial.com. "Green. . In response, Conseco contends that North American failed to comply with the requirements of Fed. After 2 years of accepting the calls. How can I stop getting statements from them? Thinking that would eliminate the harassing calls. Eventually we got word that our payments were not being accepted even with the money in our account, we were instructed to start sending payments in by purchasing through Walmart, which was additional funds. I was forclosed on just before the lawsuit was awarded and Ditect are still sending me statements to pay morgage payments? Shell point mortgage servicing owns the mortgage now. Furthermore, even if North American's pre-verdict objection could be construed as a challenge to the submissibility of the unfair competition claim,8 the tortious interference judgment remains. As to the third Gore guidepost, North American concedes there is "no precise cognate in Missouri criminal law," but attempts to use the Missouri commercial bribery statute, RSMo 570.150.1(3). See reviews, photos, directions, phone numbers and more for Greentree Financial locations in San Antonio, TX. Even the emails I have sent do not get me in contact with anyone that can I assist. 1994), aff'd in relevant part, 82 F.3d 785 (8th Cir. Ann. The corporation originates, pools, sells, and services manufactured home loans using a vehicle known in the industry as conditional sales contracts. Filed complaints today with FTC, CFPB and the my State. Green Tree has been accused of a number of abuses, including not honoring loan modification programs, delaying short sale decisions, and charging customers convenience fees when paying their mortgages. 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. A number of these now former employees testified (at the preliminary injunction hearing) that because Conseco was leaving the subprime lending market, they worried about their future, especially considering the fact that they worked on commission. [3] In April 1995, Reddam began originating, selling, and servicing mortgage loans tied to the prime interest rate. The Truth About Mortgage. We paid our home off but greentree said we owed another $17,000. In support of this motion, Conseco identified three former employees that it alleged had misappropriated its trade secrets. It is important to note that this is a foreign filing. Your email address will not be published. I am still trying to get the documents from current mortgage service provider and having hard time. They settled for $5500 (BOA paid $3k and my Seller paid $2500) and Greentree WAIVED THEIR DEFFICIENCY RIGHTS!!! Conseco's Employee Handbook specifically states that "non-public information about customers, dealers, and others is strictly confidential." [15] 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. Tried to get relief through an attorney has messed over me. The current range of Greentree modules covers the key areas of Financials, Distribution and Job Management. They demonstrate what should be obvious: Single-digit multipliers are more likely to comport with due process, while still achieving the State's goals of deterrence and retribution, than awards with ratios of 500 to 1 [as in Gore], or in this case, of 145 to 1." A712 WEST HOLLYWOOD CA 90069 United States Inactive Directors / Officers STEVEN D GREEN, chief executive officer STEVEN GREEN, agent Registry Page https://bizfileonline.sos.ca.gov/sear. Greentree's escape came after her captor forced the young surfer to call home and demand money in exchange for her freedom. [2] DT Holdings, Ditech's parent company, is a subsidiary of Walter Investment Management. Shortly after this employee exodus began, Conseco received a letter from one of its St. Louis branch customers, Michael Mambretti, complaining that his confidential loan information had been taken by a Conseco loan originator, from Conseco to North American. They were NASTY. She did this several times, threatening me, stressing me out they would foreclose and I would lose my house due to their error and unwillingness to correct it. Some reps told borrowers they were deadbeats and warned them that nonpayment of their mortgage could result in arrest or even imprisonment. Mark S. Wasinger and John B. Morthland of Hannibal, MO appeared on the brief. Accordingly, we find no error in the submission, This figure is based on the net worth of North American Mortgage, a division of Dime Savings Bank of New York. Additionally, the company supposedly charged customers $12 for its pay-by-phone service and pressured borrowers into using it to ensure their payments were received on time. We are further convinced that North American's net worth was not the sole consideration in the jury's punitive award. We have looked carefully at Greentree Financial Advisors and have found numerous inconsistencies and problems that send the message, "Stay away!" There is a world of difference between expert reviews created by our team with years' experience investigating investment frauds and reviews by so-called customers you may find on some sites. Several of these former Conseco employees resigned after receiving solicitations from North American. So disappointing! Business Profile for Green Tree Financial Corporation. On this Wikipedia the language links are at the top of the page across from the article title. They featured a nefarious loan officer, played by actor Ron Michaelson, repeating the catchphrase "Lost another loan to Ditech" written by writer, producer and director Ken Roberts, who created the Ditech television and radio commercials from 1995 to 2007. 1984). Pulse they put on my credit report that I was evicted. Walter Investment Management Corp. acquired Green Tree in 2011, and in August 2015, Green Tree Servicing and Ditech Mortgage Corp. linked up to create Ditech Financial LLC, also owned by Walter. This provision of the Act provides a safety valve for a party to an arbitration agreement who does not consent to the other party's choice of arbitrator. 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. [6][8] The loans were also low-documentation mortgages, or stated income loans, and many borrowers falsified their incomes. ", Conseco organizes these lead sheets according to color-the most promising are colored red, leads that are considered good are colored white, and merely decent leads are colored blue. I had a loan with Greentree which the company did unlawful practices who do I reach out to for compensation. There needs to be a class action lawsuit against these arm twisting loan sharks! 2003)). Greg and Kathleen Haley 12050 333rd Avenue Twin Lakes, WI 5381. Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV, Mortgage Lenders In Europe Now Owe Their Borrowers Interest, How to Get a Mortgage: From Start to Finish. Claim this business. We remand this case to the district court for entry of an amended judgment consistent with this opinion. Nearly 10 months after the FBI was seen at a Green Tree office building conducting what it called "law enforcement activity," Pittsburgh's Action News 4 is . The district court granted a temporary restraining order ("TRO") prohibiting these named North American employees from taking, using, or disclosing documents from Conseco's loan files, and requiring the return of any information taken from Conseco's files. Green Tree Acceptance, Inc. filed as a Foreign For-Profit Corporation in the State of Texas and is no longer active. Kimzey v. Wal-Mart Stores, Inc., 107 F.3d 568, 576 (8th Cir. Williams v. ConAgra Poultry Company, (slip opinion August 6, 2004). The trial court initially denied the motion, finding the arbitration agreement unenforceable, but Green Tree pursued an interlocutory appeal and the State Court of Appeals reversed. Last month, HousingWire reported that Green Tree's days were numbered, after Green Tree's parent company, Walter Investment Management Corp. ( WAC ), announced quietly that it planned to merge. Ins. But next months statement shows only the principal stated as due being payed, with the excess going toward interest. Id. If North American's net-profit theory had been conceived prior to trial, it would-and should-have asked for such an instruction. Such challenges must be sufficiently specific so as to apprise the district court of the grounds relied on in support of the motion. At the preliminary hearing, Bristol testified that he and the other Conseco employees were put on the payroll of North American on June 30, 2000, for "benefits purposes," and that they did not work for both companies at the same time. Because we have found adequate evidence of the existence of a trade secret, we need not address North American's argument.
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