New to this site - overwhelmed, can't find what I'm looking for.
House is rental - was owner occupied by me for year and a half, moved, kept it to wait for market to turn, it never did.
1st - $192,000
2nd - $46,000
Stopped payments in 1/12. House put on market 2/12, contract 3/12 - for $170,000.
Originally Countrywide, the BoA. 3/11 was notified Greentree was servicing 2nd. Started paying Greentree payments for 2nd beginnning 4/11. Verified 2/12 verbally with both Greentree and BoA that BoA owns both loans.
Short sale packages for both 1st and 2nd sent to BoA - all follow up docs, etc. with BoA. Appraiser came 5/12. 6/12 Greentree found my short sale negotiator and requested short sale package. I declined, called BoA negotiator on advice of realtor to find out why Greentree was in the mix. 6/20 - Greentree notifies my short sale negotiator that unless they receive a paymetn by 6/22 they're selling the 2nd to collections agency.
I called my BoA negotiator again today, requesting confirmation/name of the negotiator for the 2nd if it was not her. Was able to pull a form letter off web tonight to send to BoA requesting confirmation of ownership of 2nd, which I can draft and send on Friday or Monday of this week.
I've told my short sale negotiator to stop talking to Greentree - they don't own the loan, and they seriously harrassed me when I stopped payment, and my friends/family. I had to send a letter to the FTC to stop them, and this when I was just 1 month late in 2/12!
What else do I do but validate who owns the loan? If BoA owns them both, then I plan to ignore Greentree completely - is this correct? I am awaiting my offer from BoA, do I need to worry about Greentree at all? Can they send a loan they don't own to collections?