How to find the bank contact for a Foreclosure

[Marc Ramsay]

There is a property I want to possibly purchase and I know that it was just foreclosed on. I found a copy of the Sheriff's Deed and it states: "GRANT, SELL AND CONVEY unto U.S. Bank National Association, as Trustee, successor in interest to Bank of America, National Association, as Trustee, successor by merger to LaSalle Bank National Association, as Trustee for Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2004-3 whose tax mailing address is c/o 3476 Stateview Boulevard, Fort Mill, SC 29715"

I understand this to mean that the current holder of the Deed is U.S. Bank, N.A., and their address the one listed in Fort Mill, SC. When I search on that address, I come up with Wells Fargo Home Loans? Are they one in the same?

Anyone out there on BP who is familiar with tracking down contacts for this sort of thing I'd love to hear from you.

Thanks,

Marc

[Mark Ferguson]

In my experience you are going to spend hours and hours trying to track down who owns it or services it for the owner. If you manage to talk to someone who knows, they will quickly tell you to wait for it to be listed by their agent if you want to buy it. The big banks don't sell their REO before they are listed. It could be US Bank or Bank of America who ends up selling it and they all use Realtors. They have policies that the homes must be listed first and to get a value they use BPOs and an appraisal.