|
distress mom
June 7, 2010
Mortgage fraud
My son purchased a Manufactured home from Greenlawn, who went through Conceco finance, who sold out to Greentree Mortgage company. By the way Conceco is Greentree. Greentree forclosed on my son, after continuous harrassment by phone . This co. not only lied about how much the manufactured home cost, they changed the whole conditions of the original loan.They upped the percentage rate, added extra points to the loan, to where he would be paying almost a hundred thousand more in thirty years . Also they lied that my sons Manufactured home was a 2002 new, when it was a show room model and was 9 months old in 2001. They also said the price of purchase was 68, 900.00 when it was 48, 888.00. My son had to pay for the loan and pay for his other residence because it took them a year to finish the construction of a well etc. They also over estimated the cost of construction and never summited the actual cost of the loan. My son is a single father who works hard for his money. He works long hours and paid thousands of dollars to this company. They have already recieved there money back in interest. My son is not a dead beat, but thats the way this co. treated him telling him to get out of there house. by the way, he was lied to, about the manufactured home. They told him that it was a house that would build equity, but my son found out to late that it was nothing but a moble home that depreciates. He has had nothing but trouble with the home and they would not honor the warranty because he lives to far. He lives in rual country. Everyone look at the conditions of your loans very carefully . I am steaming mad, ready to fight for my son, who was ready to give up. He had a heart attack on the way to work, because of all the stress. Take a look at the head of Greentree and see how many millions he lives off of peoples hard earned money a year and how his investors just love him. Greentree is nothing but a preditory lender.
|