Updated over 6 years ago on . Most recent reply
Assignment of Mortgage
Hi BP
I have been following a vacant property for sometime. Recently while reviewing its title I noticed a new document recorded, concerning a small heloc that was opened back in 2006. ( please see picture below )
Can someone help me understand this document? Did the original mortgagee ( bank of america ) sell the note to another investor? Is the new owner of the note "Pretium Mortgage Acquisition Trust"? Or was this a change in who services the note?
If Pretium is the new owner is anyone familiar with them? Do you think there is a chance they would sell the note to an individual investor? I am 99% positive it is non performing.
Thanks for any experiences you can share with buying notes like this.



