Greentree Servicing - Watch out for "Corporate Advance Balance" on Green Tree Statement
My Mortgage was purchased by Green Tree in 2008.
A little trick they seem to play right now: I do NOT have an escrow account with them – however, I noticed on my June statement that i apparently "owe" $80.59 for "Corporate Advance Balance*" – *Corporate advances represents monies advanced by servicer to pay taxes, insurance, and any other amount currently due that are not part of an escrow account.
Upon my call what this is I was told these is accumulated interest from 2008 when they took over the account. I sent a fax (and wonder upon wonder) received a letter a few days letter explaining that when they took over the account, there were 5 days, when interest accrued and was never collected. B…….. I have paid every penny they ever asked for and additional funds. I responded (in writing) and have copied the FTC, the Attorney General Office in Florida and SC. Let's see what happens next.
Review about: Greentree Servicing Mortgage.