Ben Benita's Blog – June 2012 Archive (1)

Advanced Question - What is the difference between the Investor and the Trustee on the note?

I am working on a NIGHTMARE short sale with........



Can anyone guess?



Bank Of America - WINNER WINNER WINNER



I was told the Investor on the note is Bank of NY.

Contacted them directly, and, they said they are the "Trustee" on the loan and that B of A has final and sole decision making power?



Huh, anyone know the difference or can better explain what the "Trustee's" role is on the loan or short sale?



I have calls in to the 3 persons I… Continue

Added by Ben Benita on June 12, 2012 at 6:10am — 4 Comments

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