I was so mad from the following story that I just had to make sure I warn people. We are currently trying to help a cute family get out of two interest-only loans (they got sold a "great" rate and payment) but that is being stopped because of Green Tree Servicing. This company came in, told the clients that they can make a few home improvements with an installement loan, what the clients did not know is that this company put a LIEN on their house! They were charged thousands on "closing fees" for windowns! C'mon people!
This poor couple had no idea that this happened until we looked at their contract and sure enough there are deeds of trust that makes GE Money the owner of some of the property, a list of all the extra hidden fees they charged and the catchy name that they used to sell the loan - "Property Improvement Loan."
PLEASE PLEASE PLEASE BE CAREFUL WITH THIS COMPANY.
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