InnoVest Resource Management's Foreclosure Forum

Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Bank Mortgage POCs negoiations Posted by greg in Judicial State on May 22, 2002 at 3:26 PM To Foreclosure forum; For the past 7 years I have been in Real estate, but have researched foreclosures for about the past year.......... 1) I have had a very difficult time finding the bank that "owns the loan " on the foreclosure. As you know mortgage companies and sold " the loan " many times after the original loan. Finding the current owner in default, can be timeconsuming, and generally, this changes the loan number that I show on my research. I have researched this at the courthouse, records, but w/ little result. 2) It has also been very difficult to get thru past the company servicing the loan " servicing company " aka the gatekeepers; They have expressed little interest in selling. 3) Mortgage INSURANCE; Not sure how much this plays a factor, if deciding if the bank wants to sell or not? Thanks Ward for this Forum. . Greg on Judicial Foreclosures. Follow Ups: Mortgage Electronic Registration System (MERS) Ward-CA- 9:15 AM, 05/25/02 (1) Re: Mortgage Electronic Registration System (MERS) Josh Gosnell 3:53 PM, 03/28/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : To Foreclosure forum; : For the past 7 years I have been in Real estate, but have researched : foreclosures for about the past year.......... : 1) I have had a very difficult time finding the bank that : "owns the loan " on the foreclosure. As you know mortgage companies and sold " the loan " many times after the original loan. : Finding the current owner in default, can be timeconsuming, and : generally, this changes the loan number that I show on my research. : I have researched this at the courthouse, records, but w/ little result. : 2) It has also been very difficult to get thru past the company : servicing the loan " servicing company " aka the gatekeepers; : They have expressed little interest in selling. : 3) Mortgage INSURANCE; Not sure how much this plays a factor, if : deciding if the bank wants to sell or not? : : Thanks Ward for this Forum. . Greg on Judicial Foreclosures. : : : Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2002, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455