Although it was originally brought to my attention by Phyllis Rockower of the Real Estate Investors Club of Los Angeles, this article was originally written by County Records Research, an Orange County based company that provides Foreclosure Data for Southern California Real Estate Investors.  The founder of this company Kurt DeMeire is a great source of knowledge on Foreclosure Investing, if you have the cash to buy properties at the courthouse steps, you may want to check out some of Kurts' Foreclosure Investing Training Videos or attend one of Ward Hanigans lectures on Foreclosure Investing.  I used to think this type of investing was too theoretical because nobody had this kind of money laying around but these days its seems like I'm the only chump who doesn't!!!

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Many new subscribers of County Records Research ask how to determine who the foreclosing lender is, as often they do not identify themselves and disclose their contact information on the notice of trustee sale. First, please remember that the lender does not own the property until AFTER the sale has taken place. Until that moment, the house belongs to the borrower and the lender is forbidden from looking at any offers without borrower permission. For that reason, the lenders normally use the Trustee as a point of contact and "gatekeeper" to avoid buyer telephone calls before the sale. But there are always ways to find out what you want to know.


The Trustee contact information provided on the NTS can be a clue, as often lenders will use (or own) the Trustee companies that process their foreclosures. For example, there are several relationships between Trustee's and Lenders that we have noted.



 ETS, or Executive Trustee Services  GMAC
 Recontrust Countrywide Funding
 CTC Real Estate Services Countrywide Funding
 Five Star Service Corp  Citibank
 California Reconveyance  WAMU
 Quality Loan Quality Mortgage/ Various other lenders


 The Trustee can provide you with most of the information you will need; most are willing to help you by either forwarding your contact information to the lender or providing you with a contact at the bank. This is a courtesy on their part, and as such is not always the answer but it's always worth a phone call to the Trustee to find out. Note that there are phone numbers for automated lines and there are regular phone numbers. You need the number that someone answers for this method to be effective. Have your trustee sale (TS) number handy and be patient.

Should the above methods prove ineffective, there is a sure way to obtain the lender contact information you need. You can go to the County Recorder's Office (or call any Title Company) and request a copy of the Deed of Trust, along with any assignments, for the loan that took the property to auction. The Deed of Trust contains the information necessary to contact the lender who wrote the original Deed of Trust, and the assignment gives you the contact information for the company that bought the loan from the original lender.


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