How do I find out which bank holds mortgage on house?

Question

Want to buy a preforeclosure, want to know who holds the loan on it-where do I find this info? I know previous owner (name), need to know the lender.

Answer 1

You may find out the person or company that is doing the foreclosure, though it might not be the bank that is holding the mortgage as most mortgage and lending companies contract this service out to professionals.

The reason for this is that most of your large lenders and mortgage companies do loans throughout the United States and most of the time it would cost to much to have on staff foreclosure specialist, because each state has different foreclosure laws.

You will find a few mortgage or lenders that do their own foreclosure.

However it does not matter if you find the name of the lender in a pre-foreclosure situation as the person you want to deal with is the present person living in the property. They are the only ones authorized to do anything legally with the property at this time. The present owner still legally own the property. So what ever you want to do with the property at this stage of the foreclosure procedure must be done with the owner.

If you know the owner's name make a deal with him, either to bring the note and foreclosure current and take the property subject to the existing loan. Of course he might want some cash in his hand for you to accomplish this.

The lender can not and will not tell you too much except they might confirm that the property is in foreclosure. They do not own the property if it is a pre-foreclosure, so they can not sign or do anything for you.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 2

At some level it might not be that easy.

Most of the time if you check the public records the lender on record will be the lender that either owns the loan or is at least servicing the loan. That will be a good start. Most of the time that will be all you need.

The records are at the records office or at the county courthouse. A title company can also provide details.

If you are talking about a property where a Notice Of Default (NOD) has already been filed then you can get the trustee handling the action to supply you with the details if you contact them. There could be a small charge to be listed as an interested party so you get updates to the file.

Answer 3

Short and simple go to your county court house go to the register of deeds tell them the address of the house they will give you a book and page number you look up that information and bingo you will see who is holding the current mortgage on the house

Answer 4

They should have the mortgage recorded in public records as evidence of the lien. Search the local clerk of the county courts website.

Hope that helps.

Joe...

Answer 5

They legally can terminate for any reason... even in the adventure that your branch will in all danger no longer even understand relating to the foreclosure considering economic company of u.s. homestead Loans has maximum of foreclosure happening good now.. the foreclosure dept. would not touch the corporate so except somebody became to truly look at your record it in all danger won't additionally be often used. one ingredient even with the undeniable fact that maximum economic establishments verify your credit until eventually now hiring you.. in the event that they did that as quickly as they employed you, they could do it periodically & the foreclosure could ensue & could properly be grounds for dismissal in spite of if it wasn't via BOA. i actually do no longer think of you have too plenty to fret approximately even with the undeniable fact that. good success! Oh & via the way- to the individuals who think of BOA is purely servicing for Fannie/Freddie - BOA actually is between the few creditors who actually do very own the loans they provider.

Answer 6

Don't the pre-foreclosure listings at the courthouse say who is filing the foreclosure ?
They are the ones wanting their $$ back .

Answer 7

you must do a title search just like with a car