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Forums » General Foreclosure & Pre-Foreclosure Forums » Bank of New York Mellon REO question

Bank of New York Mellon REO question Subscribe to Bank of New York Mellon REO question

14 posts by 9 users

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Does anyone know if Bank of New York Mellon occasionally sells properties that never hit Realtor.com ?

And if so , do you happen to have any info, such as who they might use to dispose of REO's you can give me ?

Does anyone know who they tend to use to help them with their REO's ?

any info at all that can give me a contact would be much appreciated

I have been doing some research on the deeds site and I notice they manage to dispose of some REO's in Massachusetts yet I cannot find evidence that the property
ever hit Realtor.com or a similar site

Would anybody have a guess how BNY Mellon might be disposing of REO's without using the typical Realtor.com network ?

I am looking for a contact for BNY Mellon so I can see if a properties of there's is sold or ever will be sold ?

There is a lockbox on the property, bit it just sits there empty month after monrth .

Bank of NY Mellon took 8 months to kick the people out AFTER they had fully foreclosed on it , and it has now sat empty for 4 plus months .

A neighbor thought she had saw a sign in the front yard
that had the word foreclosures on it plus a 1 800 number
but the sign disappeared , possibly simply either the sign blew away, or kids removed it, or some local rep of BNY Mellon removed it .

So to sum this up , any info or contact you can give me for BNY Mellon is much appreciated

I sent them an email, havent heard back from them yet

thank you

.
.


Real Estate Investor · Fort Myers, Florida


they are sitting on the home rather than charge it off, sometimes they get lost in the shuffle.



Originally posted by Jeff Tumbarello
they are sitting on the home rather than charge it off, sometimes they get lost in the shuffle.

This is sort of what I am thinking on the particular house
I am interested in.

I have heard BNY Mellon is very slow to dispose of properties .

The part I cant figure out is how BNY Mellon managed to dispose of other properties in my area that I cant find evidence the property ever hit the MLS system or Realtor.Com ?

I am wondering if they are selling some properties off the
MLS or realtor.Com system ?

Does anybody out there think BNY Mellon is disposing of proprties off the MLS, Realtor.Com system, and if so,
can someone give me a lead into how they are getting rid of those properties ?
.
.

.
.




Briefly:

To wrap this up:

BanK of NY Mellon responded to my email

I was wrong about them owning the property I was interested in.

BNY Mellon informed me they were the Trustee of the mortgage certificate, but not the actual owner.

They provided me the name of the mortgage company
they believed owned the property in question .

I then contacted that mortgage company, and after a little bit of phone tag, I managed to speak to someone in their REO department . The person I spoke to coughed up the lockbox code with very little begging on my part. I was kinda surprised he coughed up the lockbox code that easily. The mortgage company REO guy then quoted the price they were hoping to get for the property.

The price he quoted was way way more than I had envsioned .

I still went and looked at the property, and to say the least, I was disappointed . I took the time to call back the guy form the REO dept, thanked him for his time and professionalism, informed him I had secured the property properly and he need not worry that I left the property unsecure. He asked me if I had an offer price in mind, basically I stated we were way to far apart to even begin negotiating a possible deal. I plan on emailing him information on a couple of comps that sold on the same street of the property i was interested in. The Comps sold on the same street, but on a worse section of the street . He wont know that , he's in Florida,
and I'm up in a Northeast State. I think he said he plans on putting the property in the hands of a Realtor soon . If a Realtor tells the mortgage comany to list the propertyt for anywhere near what he quoted me , then the Realtor is just snowing them, in hopes of getting the listing .

I have an email for someone in the REO dept of BNY Mellon if anyone is interested in the future.



Rob Rey, I would like contact info to the REO dept at the Bank of NY Mellon. They have a property that I'm interested in.


Real Estate Investor · Fort Myers, Florida


I would like the email if you do not mind. My email is in the sig line



Hello:

Sorry for the delay

Try this person,

Alissa A. Reatz, Assistant Treasurer · The Bank of New York Mellon

Global Corporate Trust
Mortgage Backed Securities · Fax


C T


Have any of you had any luck getting through to NY Mellon Bank regarding a foreclosure. I tried the e-mail that was listed in this forum as a contact for NYB but have not gotten a response.


Interior Decorator · Wakefield, Rhode Island


Be careful what you wish for. I am in the process of buying an REO from BNY Mellon;They have complicated practically every step of the process, quite un-necessarily.I plan to tell them at the closing what bastards they are. You REALLY don't want to buy an REO from this bank, that is unless you really don't mind being stymied and aggravated to the point that you want to walk away from the deal. :cry:
Bear in mind, they're being sued in NY for withholding the fact they were doing business w/Bernie Madoff; they carefullywithheld that from their investors. May not be altogether an above-board entity.


Real Estate Investor · Milwaukee, Wisconsin


i'm about to look at a property owned by BNY Mellon on Friday...the asking price is $44k and the city assessed the property at $197k a few years ago, now it's down to $165k assessed. Market value is approx $117k. The place appears to have been vacant for years, according to the city inspectors...wish me luck :)



Hi I read your comments and I am also trying to find put more information on a property that this bank has, however I could not find the information to contact Alissa Reatz. Would you mind providing that to me? Email or phone number will do!



Hi I read your comments and I am also trying to find put more information on a property that this bank has, however I could not find the information to contact Alissa Reatz. Would you mind providing that to me? Email or phone number will do!


· Marietta, Georgia


If someone could forward that information to me as well that would be greatly appreciated. I am looking to obtain multiple properties that are being held by BNY. PLEASE ASSIST.



I am also trying to locate a phone number for the Bank new york mellons REO department. Could some one please forward the information to me thanks.


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