I have a lead on a home that is in foreclosure and it seems that the lender has closed up shop. All the numbers are busy and no one is returning emails even to the Law Firm that is handling the foreclosure filings. Does anyone know how to track down the new company that gets assigned to take care of the assets? What about what happens to the time fram of the foreclosure? I have a buyer for this house at aprice agreed to by the bank and no there is no bank!!??!! The Lender is Maxim Mortgage out of Downers Grove, IL. If anyone can help that would be awesome!
Thanks!
You may want to get a subscription to the Lane Guide at www.thelaneguide.com
They are a service that keeps track of just about every mortgage lender known to man, they even track when one lender goes out of biz & their portfolio of loans, notes etc is transfered or taken over by another co etc give them a try to find out who know owns this paper.
You may be able to go to courthouse and find in public records if there was a transfer or assignment of rights on the loan. This is a 50% chance but hey, you may find it. Many do record, the new company especially as they are possibly going to be taking risky loans and want to show ownership so they can foreclose. Many loans are ending up in trouble or court because lenders are not able to show true ownership of the loans ( hence claims) because they have not recorded and assignment. It’s free to check. Have the great government workers look for you, they love to work and be helpful.