Michael Gaddis recently obtained short sale approval for a 2nd lien with Green Tree for a homeowner located in San Marcos, CA. The approval settled the $115,628.55 lien for $6,000. The lien was a purchase money 2nd lien. The first lien holder allocated $6,000 as a payoff for the 2nd lien holder. Green Tree originally wanted nearly $7,000 to settle the lien. The first lien holder held firm at $6,000. Michael Gaddis went back and forth with Green Tree until Green Tree acquiesced and agreed to the $6,000 settlement.
Jenny Winford July 23rd, 2017
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