Query by ridingis4life: Help how do I discover out what bank owns this house?
I am unable to find the bank that truly owns this home. I took this off of public records, and each particular person I have tried calling from the Grantor to the Grantee, has been a dead end. If any individual has info relating to how I can get in touch with the bank that owns this home I would greatly appreciate it.
Please note, I did call the record of Deeds workplace, and the lady on the telephone stated the bank that owned the house was not listed in the records (strange huh). Ieven tried the law firm listed below, and they stated they are not functioning on this case aganist the property, they are trying to get in touch with Ms. Werner for an additional property she stopped paying on.
Instrument: R2009027165 Old Doc Ref No: Book/Page:
Recorded: 3/9/2009 eight:34:47 AM Consideration: $ Pages: 1
Document Variety: Mortgage Assignments Comments:
Document Date: two/16/2009
Grantor: FCDB 8020 REO LLC
SPECIALIZED LOAN SERVICING LLC – Lawyer IN Fact
Grantee: FCDB SNPWL REO LLC
WERNER CYNTHIA – THIRD Party
Legal Description: Lot/Unit: 8, PTLT, Sub: ARROWHEAD SOUTH TOWNHOMES U1, TwnNotes: D162 R97-72385 30-36-11
PrpId: 16-05-30-402-035-0000 (GIS) (Assessor)
AddrNo: 16106, Str1: GOLFVIEW DRIVE, City: LOCKPORT, State: IL, Zip: 60441
Cross Reference: Bkwd R 2007060046 (MTG)
Sent To: DUTTON & DUTTON
10325 W LINCOLN HWY
FRANKFORT, IL 60423
Mar 18 2009 11:31AM
Greatest answer:
Answer by Ed Atun
This loan was sold as element of a securitization. It may possibly be owned by 10 banks. Every bank owns 1 “slice” of the loan.
Most of these loans can be tracked to a firm named MERS. They manage most of these securities. Wall Street Journal had an article about them final week (free of charge at the library).
There are two keys to finding the noteholder. One particular is that REO seems soon after Grantee. So it has been foreclosed. And the instrument mentioned in your facts is a Mortgage Assignment. You need to have to have the recorder hand you that document… the assignment. You would have to do this in individual. There is often a personal computer on the front desk for them to help customers at the Recorders Workplace.
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