Wondering.. When a loan is sold

[Steve Vawter]

When a loan is sold from one bank to another.. is there any way to find out what was paid for the note.. I know when it is private sale it is recorded and can be seen on tax info.. but do the banks protect themselves from anyone knowing that info!?

[Account Closed]

Originally posted by Steve Vawter:

Hmm as I thought.. just trying to get an idea how low they will go on short.. judment is absurd 460 on a house worth maybe 110..

I've given up on trying to predict bank behavior. Even if you could find out what a bank or collector bought a note for, they will often want more than they paid and sometimes more than FMV. Make offers that work for you and let the note holder worry about their end.