These products are . All the previous comments about them (green tree) are so accurate (ditech) as well the crazy hour calls, the threats of throwing me out of my house. T213. Ripoff Report on: Greentree Financial - Greentree financial broke the law calls in one day lugoff south carolina Upon arriving at North American, Bristol gave these names and numbers to loan originators as leads, who contacted these former Conseco customers. Registered Address GREEN TREE FINANCIAL SERVICES CORP, 8424 SANTA MONICA BLVD. Owning a mobile home we learned the hard way no one wants to help you. I was refused several times for a modification. The rep became short with me. Normally I just pay my bills without looking at where the money goes. Greentree has done everything than can think of to get my home. Greenpoint Mortgage was shut down today by parent Capital One Financial Corp., who said weak demand for residential home loans forced the company to shut the ailing mortgage lender. (Jul-23-03) [PIONEER PRESS] I did call Ditech. 2d 1 (1991)). I.say file, file and get an attorney. See Fed. Fed. Both encouragedays us to be 90 days delinquent. In arguing that the lead sheets are not "trade secrets," North American principally relies on Vigoro Indus., Inc. v. Cleveland Chem. Get the funds you need without leaving the comfort of your own home from online. After considering Conseco Finance Servicing Corporation's (Conseco's) 1 unfair competition and tortious interference claims against North American Mortgage Company (North American), a jury returned a verdict against North American on each of the claims and awarded Conseco $3.5 million in actual damages and $18 million in punitive damages. My Manager sold my Mobile Home to a Mexican for like $500.00 When I was thrown out of my home I still owed like $33,000.00 on my Mobile Home. God bless all of you also dealing with cancer etc. STE. He was the utmost rude one. I hired a lawyer in May this year. Later, at trial, he admitted they were working for both companies at the same time. Get free summaries of new Eighth Circuit U.S. Court of Appeals opinions delivered to your inbox! Can someone please help me!!! The caller informed Mambretti that all of his personal financial information-which he had entrusted to Conseco-had moved with the loan originator to North American's St. Louis office. 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. Does anyone know who to call for me to claim my refund? Once a lead sheet is received in a branch office, the office manager then forwards it to a loan originator, who calls these potential customers to offer Conseco's financial services. In support of this motion, Conseco identified three former employees that it alleged had misappropriated its trade secrets. Green Tree Acceptance, Inc. filed as a Foreign For-Profit Corporation in the State of Texas and is no longer active. [23] Later that year, the company's forward mortgage servicing and originations business Ditech Finance LLC was acquired by New Residential Investment Corp. and their reverse mortgage business, Reverse Mortgage Solutions Inc., was acquired by Mortgage Assets Management LLC.[24]. My late husband put me in this bind, Im sorry Lynn for long text. We were forced into renting our condo due to housing collapse that prevented us from selling it. Next, North American claims that because the Missouri Uniform Trade Secrets Act has replaced all common-law remedies, no tort claim is maintainable unless the information qualifies as a "trade secret" under the statute. I can take your house! yelling at me. I was evicted and thrown out of my Mobile, in the pouring down rain! I am a victim of Green Tree and Ditech can anyone do anything about it. However, a post-trial motion for judgment "`may not advance additional grounds that were not raised in the pre-verdict motion.'" In 2010 I applied for a Making Home Affordable Plan and made every payment on time and earned the incentives. Its unclear how much compensation each borrower will receive, but victims who receive money from this enforcement action can also pursue their own individual claims against the company. The second, Kevin Podner, a former area manager from Conseco's office in Springfield, Illinois, testified that shortly before his resignation from Conseco, he made a copy of a substantial number of loan applications on which he had worked during his time with Conseco. I was forclosed on just before the lawsuit was awarded and Ditect are still sending me statements to pay morgage payments? I have reached out to several attorneys, but none can help with Mortgage claims. Conseco's mortgage service division originates residential loans for individuals in the "subprime" lending market, e.g. Thinking that would eliminate the harassing calls. 1998). In the event that Green Tree and the Harrises do not agree on Green Tree's choice of arbitrator, section five of the FAA provides that either party may petition the court to appoint an arbitrator. Working with you to see the big picture, tailoring advice driven by your priorities that can then be addressed through a structured and . In February 2019, Ditech filed for bankruptcy for the second time in as many years. [7], In March 2013, Ditech was acquired by Walter Investment Management Co. from Ally Financial, the former GMAC ResCap. I have bank statements proving money was taken out and cashed to them and mortgage statements proving the money was never applied to my loan. This list included the names and phone numbers of these customers. They were scamming the homeowner and the workers. All we got was harassing calls all day long and at my husbands job. of Mo., Inc., 162 F.3d 991, 998 (8th Cir. With no place to go and my car was impounded, because my car broke down in a spot, at the mobile home park. They at least owe my husband an apology for the way they treated him during an awful time but know they arent decent enough for that. WOW so I have read alot of these stories and not surprised at all after what they did to us. Corp. v. KCBS, Inc., 910 S.W.2d 329, 331-332 (Mo.App.1995). Id. Mo. 2004) (quoting Sanchez v. Puerto Rico Oil Co., 37 F.3d 712, 716 (1st Cir. Whether you are interested in a new home, remodeling or refinancing your current home, or consolidating your credit card debt, we will work with you to create a customized solution for your goals. In May 2014, Ditech announced its re-entry to the national housing market after it disappeared from the marketplace for five years during the subprime mortgage crisis in the late 2000s. Although it is undisputed that the lead sheets themselves are not generally accessible to the public, North American asserts that much of the information contained within these lead sheets can either be purchased from various credit agencies or found in mortgage records, all of which are accessible to the public. [13] In November 2012, Ditech was formed from assets of the estate of GMAC ResCap during the bankruptcy proceeding. Accordingly, "a motion for judgment as a matter of law at the close of the evidence `preserves for review only those grounds specified at the time, and no others.'" The company has filed for Chapter 11 Bankruptcy for the second time in 14 months. Greed tree was billing me for the convenience fees to which I refused to pay so several times per day they would call and harass me for the convenience fees. Lyn-Flex West, Inc. v. Dieckhaus, 24 S.W.3d 693, 697-698 (Mo.App.1999). Susan, If u would look at the back of your billing statements, it will tell you where to file your complaint. The balance of the second was about $55k. On August 31, 2015, Green Tree Servicing became ditech, a Walter company. Bristol also returned a number of documents at his deposition, in accordance with the district court's TRO. ALWAYS trouble. Ditech Financial LLC (rebranded from ditech Mortgage and "Green Tree Servicing" in 2015) was a provider of home loan, loan servicing and refinance products to consumers and institutional partners in the U.S.[1]. We were victims of Greentree. Thank you, Kim (ADD ME TO YOUR LIST). As far as concerns the Lackey plaintiffs, what happened in arbitration is less clear. What is Ditech Financial phone number? The Catholic Church was going to try to help me pay for part of my Mobile Home Space Rent. Walsh, 332 F.3d at 1158. Ditech added money on to my principal? Therefore, Conseco established a second misappropriation claim in regard to those specific loan files copied by Podner just prior to his resignation from Conseco. They claim they have left messages and I never received any messages. After a few weeks they turned our account over to someone else and the same cycle. How do I find out if they did us wrong. I faxed all information to them, that was available to me.. Needless to say it has been a fiasco.. Now the are threatening default on loan.. Its ridiculous to try and deal with this company.. Told different amounts even one rep stated it would be forgiven..I have no idea of what else to do..this is just another proof of the fleecing of America, I want to fill out a class action settlement form where do I get one for greentree. I wonder if Green Tree will go out of business because of this. The suit alleged that the company's stock was artificially inflated due to questionable accounting practices on the part of the company's former officials. At Greentree, we make the loan process frustration and hassle-free. 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. Conseco also asked that North American return all of the information that it had acquired from Conseco's former employees. 2003). 2d 674 (2001). Working with you to see the big picture, tailoring advice driven by your priorities that can the n be addressed through a structured and consistent plan. They were NASTY. Greentree was started in 1999 and maintains three offices in Ft. Lauderdale, Florida, Charlotte, North Carolina and Guangzhou China. Additionally, Conseco produced evidence that Podner made copies of an unspecified number of customer loan files shortly before his resignation. Its showing on my credit report that Im late , 60 days. I pissed when I want as no man woman or child will ever decide when I piss but that is inhumane. R. Civ. They are nothing but crooks. I just closed on my deal with Greentree on the second. Join me to get resolution. Welcome to GreenTree Inn Santa Fe at Cerrillios Road, a nice option for travelers like you. 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. They were not interested in helping us modify our loan even though we qualified. All I ever get is the run around. [2] It also announced a corporate re-branding with its servicing affiliate, Green Tree Servicing, which took place in 2015. North American competes for individuals in the same market. On the one hand, the Lackey arbitrator (the same . I was never late during the five years. P. 50(b); Martin H. Redish, 9 Moore's Federal Practice 50.41 (3d ed.2003). State Farm, 538 U.S. at 425, 123 S. Ct. 1513. But because of there high interest fees. On appeal, North American offers an eloquent and persuasive argument regarding the stringent requirements relating to the calculation of lost profits, particularly in relation to "net" profits. Podner's wholesale copying of customer loan files, which coincided with his resignation from Conseco and hiring by North American, creates at least the threat of misappropriation. My name is Margaret Heath my home was stolen Jan 2012 by Greentree. I. 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." I paid my home off in December 2020. Business Outlook. 1984). Mortgage service providers take advantage of borrowers and no one cares much to help us and monitor the bad lenders. 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. Who do we talk to about a lawsuit? Green Tree was so bad I filed complaint with the Department of Business Oversight in California. Ditech had immensely high unaided brand awareness and customer satisfaction, but many people mistakenly thought Ditech was a subprime lender. Greentree did nothing to help me resolve the situation. Auto. Id. Green Tree caused me to have anxiety attacks and depression!! Terms of Service. In our review of the punitive damages award, the Supreme Court instructs us to consider three guideposts: (1) the degree of reprehensibility of the defendant's misconduct; (2) the disparity between the actual or potential harm suffered by the plaintiff and the punitive damages award; and (3) the difference between the punitive damages awarded by the jury and the civil penalties authorized or imposed in comparable cases.11 Gore, 517 U.S. at 575, 116 S. Ct. 1589 (1996). 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). Corp., 136 F.3d 276, 286 (2d Cir. Order Online. The opposite of how it should work. Another time they did their yearly audit and, instead of using 12 months for the yearly audit to adjust taxes and insurance they used 18 months for funds needed which greatly increased my monthly payment amount. During this same period, Conseco's mortgage service division downsized. We paid one and half year extra. However, when passing on a district court's determinations concerning the constitutionality of the punitive award, we use a de novo standard of review. CitiFinancial exited the servicing business in 2017. After a very long time, I did get approved for the loan mod, and still recvd papers saying I was kicked off this too went on for a LONG TIME! How does a former employee get compensated? How do I get answers on how to receive money back from my home. Another of North American's witnesses, Perry Schatz, testified only five percent of Conseco's leads result in a funded loan. It purchased Lincoln Income Life Insurance Co. and Bankers National Life Insurance Co. for $32 million and $118 million, respectively. And acknowledge the receipt of short sale requests and/or missing documents within five days. They did without letting me know, if I dont pay, they take my home. The Truth About Mortgage. Greentree Financial Group's phone number is (954) 424-2345 What is Greentree Financial Group's official website? In response, Conseco sent a copy of Mambretti's letter to North American with a request that North American "cease and desist" from taking and using information contained in Conseco's loan files. Said she could only change excess payments for past 3 months. It further found that Conseco was likely to succeed on its claims of misappropriation of trade secrets against North American relating to the actions of Podner and Kattleman, but not Bristol. 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. However, North American also introduced several new legal theories-related to damages-not distinctly articulated in its "Directed Verdict Motion." Directions. Helping Clients With Custom Financing Options And Consulting Services, Greentree Offers Direct Financing And. Sigh. I am trying to get the deed/title to my home. San Francisco, 69 F.3d 1184, 1188 (1st Cir. You already receive all suggested Justia Opinion Summary Newsletters. In viewing this evidence in the light most favorable to the verdict, we hold there is ample evidence supporting each element of an unfair competition claim. 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. And in 2001 North American paid Keeler a salary of $2,500,000. And yes, they do call several times a day. The company collapsed under a huge debt load resulting from a rash of acquisitions in the 1990s, including the $6 billion purchase of Green Tree, the nation's largest lender to mobile-home. Thank you.
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