Bank of New York
I just took over a file from another negotiator and am at a complete loss. the loan was originated iwth Bank of America/ Countrywide in 2007 and there is an assignment thru MERS in 12/2009 to Bank of New York. BOA now says that they are no longer the servicers and that the 2009 transaction was a sale of teh mortgage. I have not been able to get any contact information for Bank of New York........
I'm open to any suggesstions...thanks!
Replies to This Discussion
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Permalink Reply by John Bacon on
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I am working with one right now where Bank of New York is also involved... I thought it was Merrill Lynch via PHH as the servicer but further research shows the investor as Bank of New York. I couldn't find a short sale dept online for them and emailed their administrative dept hoping to get a response 2 weeks ago but nothing. My guess is they are actually close with the NY Federal Reserve if that helps. In my case, PHH came back with such an absurd valuation of the distressed borrows property after 2 solid offers that they are filing bankruptcy and moving on... another REO (the 4th REO in the neighborhood) because PHH doesn't think short sale and REO properties count in valuation.. even tho in the last 15 months.. only 3 properties have sold and all were REO. Like the last one to sell, this one will end up being another REO and bring down neighborhood prices again.
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Permalink Reply by Malcolm McLean on
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I have had a similar problem - loan originated at Ohio Bank now at New York Bank - Loss Mit could not find any record of the loan - said to 'write in' doh!
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