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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Losing the trail... Posted by Ward-CA- on November 02, 2001 at 5:39 PM In Reply to: 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 =•=•=•=•=•=•=•=•=•=•= Alfred, if it’s a BK you can research their name on the bankruptcy website and find their successor in interest. Or you can call the Sacramento office of whatever agency is in charge of banks in this state and find their successor in interest that way. The last straw is to get a peak at the foreclosing trustee’s TSG (if you have the right connections at some local title company). Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : 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 : =•=•=•=•=•=•=•=•=•=•= : Alfred, if it’s a BK you can research their name on the bankruptcy website and find their successor in interest. Or you can call the Sacramento office of whatever agency is in charge of banks in this state and find their successor in interest that way. : The last straw is to get a peak at the foreclosing trustee’s TSG (if you have the right connections at some local title company). 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

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