I feel I was ripped off became homeless because of Green Tree. (0) Super Helpful (0) They're not great but not a Ripoff (0) Total Ripoff (0) I suffered under them for no apparent reason as my payments were made on time. In support of this motion, Conseco identified three former employees that it alleged had misappropriated its trade secrets. Mambretti learned this fact through a phone call from a North American loan originator. Then they said it was for their insurance which we won in court that we carried our own insurance, then they auctioned our home off a paid off home we list our home and no one will get back with me on what to do it has been a little over 4 years now. 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. I had a loan on a mobile home back in 2000 it was refinance later on but it is still listed with Greentree services listed on the title and Im trying to sell it. 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. Cooper Indus., Inc. v. Leatherman Tool Group, Inc., 532 U.S. 424, 435, 121 S. Ct. 1678, 149 L. Ed. Get the funds you need without leaving the comfort of your own home from online. We affirm in part and reverse in part. Here the damage award is further supported by the remaining tortious interference claim. Who has my payment records from Green Tree and Ditech for the Making Home Affordable Plan which will prove timely payments so i can get the credits and incentives I deserve? [3], In 1999, DiTech was acquired by GMAC (now Ally Financial), then owned by General Motors. They claim they did not receive my last payment when it was paid via my banks bill pay. 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. I bought my mobile home Like in 1995 and I was kicked out of my mobile home Like in 2015. STE. Green Tree has been accused of some pretty bad stuff, Including warning delinquent homeowners of imprisonment, And doing little to help borrowers keep their homes, Along with harassing phone calls and unresponsive customer service, Any temporary loan modifications must be made permanent, And all active foreclosures must be halted, While the company evaluates loss mitigation alternatives. For its first assignment of error, North American directs our attention to Conseco's unfair competition claim that is founded on North American's alleged misuse of Conseco's trade secrets.5 North American argues that the district court erred in its initial decision to submit this claim to the jury and then in its subsequent declination to grant a judgment as a matter of law. Ark. They told me if I did not leave my home the Sheriff would B there to put my things out in the snow. Learn about the FDIC's mission, leadership, history, career opportunities, and more. In February 2019, Ditech filed for bankruptcy for the second time in as many years. Greentree has done everything than can think of to get my home. More. I wonder if Green Tree will go out of business because of this. A due process violation occurs when the punitive damages imposed by the jury are grossly excessive. 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. Yet my accounting paperwork they sent says HMP mid-capitalized..My note has no bank endorsements, my assignment is missing my name and has stamped robo signed for Mers supposed employee and notary which is not legal..Notarys have to have original signatures. Youre in pure hell anyways dealing with all the headaches and harassment they give you!!! Greentree Financial Advisors [ Impersonators of Genuine Firms ] 2408 Richmond Road Staten Island, NY 10306 Fax: 718-732-2047 This went on for well over a year, all while theyd be calling and harassing me, names and bullying me to get out of my home. While 800-643-0202 is Green Tree Servicing's best toll-free number, there are 3 total ways to get in touch with them. 1971) (stating that it is "generally held that an agent's malice is imputable to the corporation making the latter liable for malicious, willful or criminal torts of its agents or employees within the scope of their employment"). Who do I need to contact to get additional info about this claim? Susan, If u would look at the back of your billing statements, it will tell you where to file your complaint. See Mo. It is undisputed that fourteen Conseco customer loan files were in Kattleman's possession after he resigned from Conseco. In 2010, my morgage was sold from BofA to Greentree Servicing LLC. 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. Co., 866 F. Supp. 1997). See reviews, photos, directions, phone numbers and more for Greentree Financial locations in San Antonio, TX. (651) 224-5017. This is actually still happening. They did without letting me know, if I dont pay, they take my home. 21 Things That Can Raise Your Mortgage Rate. P. 50(a) (2) (stating that litigants must "specify the judgment sought and the law and the facts on which the moving party is entitled to the judgment."). Before MORRIS SHEPPARD ARNOLD, RICHARD S. ARNOLD, and SMITH, Circuit Judges. 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. I hired a lawyer in May this year. I just closed on my deal with Greentree on the second. Please add our name to your Class Action Suit. North American responds that the Conseco employees engaged in these acts because of Conseco's financial woes, and that they were simply concerned about their livelihood. Indeed, Conseco had closed thirty of its 150 branch offices within the previous year. Product Overview - Greentree is a modular system, allowing you to select just the functions you need for your business - with the flexibility to add further modules at a later date. As such, it captured over 25 percent of that business by 1993. Financial Services Company size 1,001-5,000 employees Headquarters Saint Paul, MN Type Public Company Founded 1975 Specialties Specialized Loan Servicer Locations Primary 345 St. Peter Street. "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." "Why Ditech Brought Back a Precrisis Mortgage Brand", "Gale Directory of Company Histories: ditech.com", "GMAC Mortgage Will Acquire DiTech Funding", "ditech returning to the mortgage market in a big way", "GMAC moving Ditech operations to Fort Washington", "GMAC Posts Profit, Will Change Name to Ally Financial", "Deal Cut to Sell ResCap out of Bankruptcy Filed Today", "Say goodbye to Green Tree; company merging with Ditech", "Here's exactly how ditech is coming back into the market", "The ditech key to correspondent lending", "Operational Risk Management: Remembering 9/11: Teaching the Children", "Mortgage Company Ditech Holding Files for Bankruptcy Again", "Ditech Finds Two Buyers For Its Mortgage Servicing and Originations Business", https://en.wikipedia.org/w/index.php?title=Ditech&oldid=1089803136, Financial services companies established in 1995, Companies based in Costa Mesa, California, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 25 May 2022, at 18:38. but my Manager refused to take the payment. Conseco appealed the district court's denial of injunctive relief as to its "raiding" claim. Now Ditech Id with them and are ripping me off and other folks, My home is 42yrs old, from 726 a month to 798. At the time of trial, Dime Savings had been acquired by Washington Mutual, a company with a net worth of several times this amount, North American argues that the punitive damages were an improper remedy for its discovery abuses. It makes me so D MAD. Greentree Financial Group, Inc. | 88 followers on LinkedIn. He even called my elderly parents and harassed them. Now they have lien on my personal property that had nothing to do with this loan. [2] In May 2014, Ditech announced its re-entry to the U.S. housing market. Contact Information. Please ..I want to know how we can be a part of this lawsuit. My credit score was above 780, with no late payments. Tried to get relief through an attorney has messed over me. Sent payoff check but unable to receive Satisfaction of Mortgage because they want more money. From loan selection to approval and closing, we reduce the complexities and hassles involved in the entire process. 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. Order Online. Yearly bonus is a plus. In order to avoid this constitutional infirmity, the punitive damages award must be remitted to $7 million, an amount that is sufficiently punitive, but that does not violate notions of fundamental fairness. Ditech has sold my mortgage to Loancare another thug company with outrageous fees and terrible customer service, if thats what you want to call it!? If anyone remembers Jim Walter homes I am pretty sure if we dug far enough back all roads would lead back to them and their crooked business. Co. v. Haslip, 499 U.S. 1, 23-24, 111 S. Ct. 1032, 113 L. Ed. For guests with a vehicle, free parking is available. No doubt the language of State Farm, in which the Supreme Court suggests that "four times the amount of compensatory damages might be close to the line of constitutional impropriety," is the foundation for North American's allegation of constitutional error. 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 never received any kind of notice about a Class Action Law Suit. The most rude people of customer service, even the president or ceo a Mr Walter..I think. I paid my home off in December 2020. 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. Any correspondence will be noticed. However, a post-trial motion for judgment "`may not advance additional grounds that were not raised in the pre-verdict motion.'" I cant pay this at all. Who is pocketing these payments??? To this day I can remember it like it was yesterday. Conseco also filed a motion seeking a preliminary injunction and a permanent injunction to prevent the "raiding" of its employees. That is my just due.i dont care how many times the sell or reinvent themselves, they are still the same company as far as I am concerned. We got calls..sometimes two or three a day. But because of there high interest fees. The current range of Greentree modules covers the key areas of Financials, Distribution and Job Management. 1998). It purchased Lincoln Income Life Insurance Co. and Bankers National Life Insurance Co. for $32 million and $118 million, respectively. R. Civ. CNO Financial Group, Inc. (formerly Conseco, Inc. (from Consolidated National Security Corporation)) is a financial services holding company based in Carmel, Indiana. Given North American's failure to comply "with Rule 50, our review is limited to `whether the record reflects an absolute dearth of evidentiary support for the jury's verdict.'" These loan files included personal financial statements of Conseco customers, loan applications, appraisals, income calculation worksheets, W-2 forms, payroll information of Conseco customers, income calculation worksheets, tax returns, and bank statements of Conseco customers. 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. I am a victum of this bad service and been robbed right out of my bank account and experienced more illegal acts up until this day. I have no escrow. Hi Folks I am in need of my Title to my Modular Home I paid off in 2016, so I can sell my home. Conseco's financial analysts estimated that Conseco suffered compensatory damages of between $3.5 million and $3.9 million. Business Outlook. Lackey v. Green Tree Financial Corp., 330 S. C. 388, 498 S. E. 2d 898 (1998). What Credit Score Do You Need to Get a Mortgage? [13] In November 2012, Ditech was formed from assets of the estate of GMAC ResCap during the bankruptcy proceeding. 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. It then entered an injunction against North American, Podner, and Kattleman from soliciting customers who had documents taken from their loan files. I was diagnosed with breast cancer and just asked for a little guidance from them. He was the utmost rude one. Walsh, 332 F.3d at 1158 (quoting Cruz v. Local Union No. I would end up hanging up and they repeatedly called me plus after 9pm trying to harass me more. These files were located in Kattleman's office at North American until he returned them to Conseco, as ordered by the district court in its TRO. Conseco is a Delaware financial services company with its principal place of business in Minnesota. 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. Recommend. After the preliminary hearing, the district court entered a narrowly-tailored injunction. Find locations. .Greentree denied us the Deed in lieu but offered a Hamp..There exact words were, Bank of America is offering you a Hamp. This handbook states that "non-public information about customers, dealers, and others is strictly confidential.". Bristol testified that he believed between one to six of these leads resulted in new business for North American. Never explained that they were going to do this. I had to call them while working and my coworkers heard then yelling & threatening me if I was late. They ruined my credit report for NO reason. collinseisenring1962@gmail.com. Sincerely. GREEN TREE, Pa. . However, because North American failed to properly preserve the displacement question we need not decide the issue conclusively. Working with you to see the big picture, tailoring advice driven by your priorities that can then be addressed through a structured and . Fortunately, authorities were able to track the location of the call and . Furthermore, these customer loan files eventually made their way to his office at North American. Still have all the negative reports and complaints about those company going some years ago. My mortgage was only suppose to last for 30 years. Nine years this has been going on for me ..suffering years even though I won three years ago still waiting for my damages. Podner testified that the number was substantial. Walsh v. National Computer Systems, Inc., 332 F.3d 1150, 1158 (8th Cir. and (3) Will the victims be required to apply for a settlement? And, one of North American's senior managers, Carrie Hiatt, knowingly authorized Rick Lasek to work in North American's Des Moines office while Lasek was still employed by Conseco, There was evidence of wrongdoing in several North American locations including: St. Louis, Missouri; Collinsville, Illinois; Springfield, Illinois; Wichita, Kansas; Davenport, Iowa; Colorado Springs, Colorado; and Overland Park, Kansas, North American's senior manager in charge of the company's expansion into the subprime market, Ken Keeler, received compensation based on loan production. Another time they lost my payments and threatened foreclosure again. Ditech. .WHY? But that wasn't enough to put the company's troubles behind it. Emmenegger v. Bull Moose Tube Co., 324 F.3d 616, 619 (8th Cir. Had to go chapter 13 to stop all the harassing calls , one guy told me to pay up or get my out of my Mobile home. The company held sponsorships on Hendrick's part-time #44 car, as well as the #87 car on Busch Series level. The factors to be considered include "the degree of malice or outrageousness of the defendant's conduct, aggravating and mitigating circumstances, the defendant's financial status, the character of both parties, the injury suffered, the defendant's standing or intelligence, and the relationship between the two parties." Can someone please please please HELP me? They threatened foreclosure even though I was paying the the girl said, Do you want me to take your house? The district court upheld each of the awards, noting that North American's conduct was "widespread and systematic" and "reprehensible," and that the award was "not an injustice, but rather appropriate in light of the evidence." My late husband put me in this bind, Im sorry Lynn for long text. No Company should be able to charge the high of interest fees, plus I was charged for phone transactions. 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. Can someone give all of us a name of a law firm that will help us. Can anyone please help me with whom I can contact?? By the end of August, Green Tree will be no more. Ditech added money on to my principal? 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. I refinanced with an actual bank since 2016 and I have no problems. [7], In March 2013, Ditech was acquired by Walter Investment Management Co. from Ally Financial, the former GMAC ResCap. After 2 years of accepting the calls. R. Civ. [5][3] DiTech became a household name as a result of the commercials. Id. They could not find where I owed the money.. Tempe, AZ 85283. I still want relief. I need someone to get in contact with me any time after 4 pm to see if you can help me get the title. And in 2001 North American paid Keeler a salary of $2,500,000. Who do we talk to about a lawsuit? San Francisco, 69 F.3d 1184, 1188 (1st Cir. The State of California received a notice from Ditech that I overpaid something and am due a refund, but Ditech no longer exists. To the extreme. of Mo., Inc., 162 F.3d 991, 998 (8th Cir. This corporate entity was filed approximately forty-seven years ago on Friday, January 16, 1976 , according to public records filed with California Secretary of State. The Truth About Mortgage. If North American's net-profit theory had been conceived prior to trial, it would-and should-have asked for such an instruction. I am trying to get the deed/title to my home. My name is Margaret Heath my home was stolen Jan 2012 by Greentree. Now they are trying to steal my Personal Property from me. Be safe Family n friends. Bristol also testified that before leaving Conseco, he compiled a list of 100 to 200 customers who had previously engaged in business with Conseco. 1994)). Pony Comp., Inc. v. Equus Comp. 2003)). Hey my name is Patricia I purchased a brand new mobile home from her in 1997 and they are telling me to this day Im still paying on the interest its been 24 years Greentree got bought out so Im still paying interest the trailer was only 40,000!! The first, Kevin Kattleman, a former area manager in its O'Fallon, Illinois, office, testified that fourteen customer loan files from Conseco were in his possession after he began to work for North American. [2] The brand had effectively disappeared from the marketplace for five years during the mortgage crisis, and the company decided to bring Ditech name back after determining that consumers held largely positive views of the brand. Is it still possible to be compensated? I just cant imagine how the Goverment will let Greentree stay in business or how the people that work there look in the mirror knowing how many people they have hurt . A $12.5 million settlement has been reached and is pending approval in the class action lawsuit filed against Green Tree Financial Corp., formerly Conseco Finance Corp., by shareholders. If Green Tree serviced your mortgage from 2010 to 2014, you might be due some compensation for alleged wrongdoings. Im 83 years old, Ive been harassed by Green Tree from the time I purchased the Mobile home in 2001, Ive saw the go from Conseco Finance, Ditech to all kinds of Finance companies, You want ever know who you dealing with, So who actually owns these companies now? Sign up for our free summaries and get the latest delivered directly to you. 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. They started charging me late fees, supposedly sent some investigator to check if I still lived in the home and charged me for the service even though I never had any contact with the person, never saw them and had no information it had been done. The corporation originates, pools, sells, and services manufactured home loans using a vehicle known in the industry as conditional sales contracts. (800) 700 . I was never late during the five years. My payments went back up to what they were before the nodification. It always appears that I am behind in payments when I am really 2 months ahead. My lender told me that Green Tree Servicing still has 2nd lein on my property! 2003). On April 11, 2006, Greentree Financial Group, Inc. (Greentree), sued Execute Sports, Inc. (ESI), for breach of contract. We paid until 2018 July. [2] Following the acquisition, Ditech used the name of Walter's Green Tree Servicing subsidiary to originate loans for regulatory and licensing reasons. 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. Tell how to get I. I have been making excess (extra on principal) payments for quite a while. The FDIC has assembled useful information . They sent me wrong documents, pretend they dont have them and are also scamming borrowers. App. Chief Judge Loken did not participate in the consideration or decision of this case, Formerly known as Green Tree Financial Servicing Corporation, Conseco also employs other strategies to generate new business including internet advertising, telemarketing campaigns, "cross-marketing" of current customers, direct mail, television, radio, and yellow page advertising, and referrals from various business associates, One of North American's own witnesses admitted that North American had improperly taken Conseco's documents and repeatedly lied about it during the discovery process, His estimate was based on an average loan size in the Midwest of $85,000, The unfair competition instruction to the jury was expressly predicated on trade secret misuse, while the tortious interference claim concerned the issue of wrongful and unjustified interference with Conseco's reasonable expectation of economic advantage or benefit. Anyone have a number I can call. After the jury returned a verdict against North American on each of the claims, North American filed several post-trial motions, primarily relating to the damage awards. However, these were not the "specific grounds" on which North American argued below. My house was bought in 2007 for $118,000 in Jan 2012 I owed $ 94,000. We would only have 7 years left, if we didnt do this. Thus, because Conseco received a large compensatory award in this case-$3.5 million-in the "absence of extremely reprehensible conduct against the plaintiff or some special circumstance" the large exemplary award cannot stand unmodified. 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. Calls throughout the day and weekend threatening jail time and foreclosure. I paid them immediately over the phone once aware and confirmed it was not cashed. Sanchez, 37 F.3d at 723. As stated so eloquently-and simply-by Judge Posner of our sister circuit, "punitive damages should be proportional to the wrongfulness of the defendant's actions." So disappointing! My current mortgage service provider will not let me cancel the escrow account they set up because they are charging me 14 months taxes and insurance instead of 12 just in case it increases and I never get a refund of any excess money they collect and no idea where it goes. Between Green Tree and the Mobile Home Park Manager of the Mobile Home Park. 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. 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].
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