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Re: Any tips on finding an assignment of commercial mortgage from a failed bank?

Posted by Rick Harmon on May 17, 2010 at 10:07 PM

In Reply to: Any tips on finding an assignment of commercial mortgage from a failed bank? posted by Ellis on May 17, 2010 at 9:26 PM

Hey Ellis - Try posting on Creonline.com's cash flow forum and maybe you can get some help from David Butler or Mike Morongiello, who both work a lot of commercial paper. Also, Noteworthy.com has some of the same kind of noteheads around. Dean Engle from notebuyingprofits.com (who spoke at Ward's 2009 reunion) might know a contact or two.

If you still get nowhere, contact me offline and I'll talk to my banker, whose Dad I've met and is a retired FDIC exec.

Think the assignment could have been recorded in error? Not recorded? New owner screw up due to the error of a 23 year-old gum-snapping, chain-smoking clerk in the closing dept?

Would you prefer to buy the loan for a song or sing hallelueah if the debt's been cancelled?


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