NTK INVESTOR FOR GMAC SERVICED LOAN
I am trying to find out how to determine who the undisclosed investor is for a GMAC loan that was foreclosed on. Typically, we would have the borrower/seller make a request in writing to determine who the invstor is. However, because of the foreclosure on this one... that isnt a possibililty.
Does anyone know how to go about finding this information out? As an authorized third party on the loan prior to the foreclosure, can we make the request in writing? If so, who do we make the request to specifically?
Any assistance anyone might have with regards to finding this information out would be MOST helpful! :-) Thanks a million & looking forward to your responses!
Replies to This Discussion
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Permalink Reply by Smitty on
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Look at the foreclosure deed. It may give you some insight. Also, if the original mortgage has a MIN number look it up on the MERS loan lookup. they usually will list the investor, but you need the seller's social to get it.
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Permalink Reply by joe beauchamp on
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You of course checked FNMA and freddie online, so it isn't one of them. Your seller should be able to get it due to the powerful truth in lending act. I don't see how they are allowed to withhold that information after they foreclose - seems like a time when it is more important. Saying some unknown person foreclosed for undisclosed reasons is pretty much what the truth in lending protects against.
Between normal bank bureaucracy and their wall to keep info from you, the underlings may feel that they only need to give info to current customers. It could take a lawyer's hand to loosen them up - I hope not. Only thing worse than having the bankers go through our pockets is having lawyers double-dip through our pockets.. ;-)
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