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Losing the trail...

Posted by Alfred -- CA on November 02, 2001 at 3:34 PM

Ward,
A common phenomenon is small to medium lenders going BK, or out of business, and consequently selling off their loans to other companies. No one bothers to record them as assignments, thus you can't find out who the new bene is. It's like a trail that has been washed out by a river and now you lose your way. It's bad... so it must be good. Any tips on how to overcome this barrier?
Thanks in advance,
Your humble trainee


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