Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

39
Posts
8
Votes
William Gillette
  • Investor
  • Spokane, WA
8
Votes |
39
Posts

Driving for Dollars "How to find a banks contact info"

William Gillette
  • Investor
  • Spokane, WA
Posted

While out driving for dollars I located a property that appeared to have been vacant for a few years. It took sometime but I finally tracked down the owner. After talking with her she informed me that the property was given back to the bank in a bankruptcy. The property has been vacant for 7 years. While looking at the county records it appears that the property has been assigned to several different banks over the years and none of them have started the foreclosure process.

The most resent bank to hold the property is US, BANK AND TRUST / LSF9, MASTER PARTICIPATION TRUST. I have searched all of the internet and I was not able to find a phone number for this trust.

Dose any have a number for LSF9 MASTER PARTICIPATION TRUST?

Or do you guys think that this one might be a waste of my time.

Most Popular Reply

User Stats

23,418
Posts
13,512
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,512
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

You're chasing your tail.  If the bank owned it, they will not deal you, or any other individual unless they were perhaps a smal local bank.  But, in this case, the owner who did BK still Owns it, as the bank hasn't done a foreclosure yet, and who knows when they will. "Assignments" are assignments of the mortgage, not the title to the property.  I run into this all the time "the house went back to the bank in the BK", when in reality, the bank still has to foreclose to get title.

Loading replies...

1 2