Green River Capital review: REO Asset Management 1

Green River Capital- Agent Alert- Any Agents With Complaints About Green River Capital? Wow, have we been having some interference with our listing contracts from asset managers at Green River Capital. We have an appointment with our attorney tomorrow to see if there are any legal actions we can take against Green River Capital in their dishonest dealings behind our backs to our listing short sale sellers. You know, the first time one of these companies interferes with your contract of listing you can let it go because well, it may be an error. But when it happens over and over again, then there is cause for serious discussion. Green River Capital is an REO company but they also process short sales for the banks. Get that part clear, for the banks, NOT for the sellers. So Green River Capital is not hired by us to negotiate our short sales. They may have that relationship with some agents but they don't have one with us. One of our buyer agents just closed on a short sale about a month ago and when I reviewed her HUD1 closing settlement statement I noticed that the listing agent had paid Green River Capital 50% of their commission. Now, if that was an agreed upon term before the listing agreement was in place than that is up to the listing agent and of course, they can agree to that. But our experience with Green River Capital has NOT been one of a permission based relationship. These are swoopers. They swoop in at the end of the deal and tell you, the listing agent that now you have to pay them 1% of your commission when they send you the acceptance letter. This of course is never disclosed to you before the acceptance letter time. Green River Capital has been calling our sellers and telling our sellers that doing a short sale takes too much paperwork so they should do a deed in lieu instead of the short sale! This is after Green River Capital knows that we are the listing agent and they know we have a buyer and an offer on the property! Green River Capital went to another one of our sellers and told them that they needed to do a deed in lieu. They offered a sweet deal to which the owners and their attorney were afraid that this may not be offered for long. Green River said the offer was only on the table for two weeks. Now get this, we still have the listing agreement. The sellers have not signed and their attorney has NOT signed the deed in lieu paperwork and no TRANSFER OF TITLE has taken place at this point. All of a sudden our sellers get a call from Green River Capital telling them to leave a key at the house for the new real estate agent to pick up. WHAT!?! We still have a listing agreement. The house has not been transferred to Bank United yet but Green River Capital has already given the listing to a real estate agent! Now on another file we have, Green River Capital is trying to chase the buyers away on an offer because they are trying to get the sellers to do a deed in lieu so they keep procrastinating on getting us an approval letter on the short sale. We can get a Bank United short sale file done in less than 60 days but Green River has been pushing this into 5 months. All the implications are there that they are seeking to once again interfere with our listing contract, chase out the buyers so they can swoop in with their deed in lieu and list it with one of their agents who is probably giving them back 50% of the commission. Any one who has issues like this with Green River Capital please write them in the comment section below because we are taking this to our attorney tomorrow. The more statements we can get the better case we can make.