Hello All - Anyone dealt with Bureau of Recovery? They are working a Chase junior lien I have under contract. The senior is Chase....it's already starting to sound Strange! They say they are not handling the file, although Chase told me they were. They said when I get a negotiator name at Chase - to let them know who it is at that time. They don't want a package.
Thoughts?
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Sounds strange, have you done any investigative work yet? Google, jigsaw.com?
Usually,if the 2nd is delinquent more than 6 months the loan charged off and is placed with a group to recover the loss..sounds like that may be the case here.....recovery generally means it is no long an active status loan....
sounds like you have some action now form Chase, tho...good luck!!
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