Bank of New York Mellon REO question

[Rob Rey]

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

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[Chris Martin]

Not directed at you Linda, but I think a lot of you are barking up the wrong tree. Check the deeds to find the owner. As Rob Rey pointed out in his May 12 post, BoNY acts as trustee and document custodian for certain mortgage-backed security (“MBS”) securitization trusts. The are not the decision maker for these foreclosures. In my county, the property card has /TR or TRUSTEE in the name, like this:

Property Owner
BANK OF NEW YORK MELLON THE /TR

And if you look at the contact information, the property card (in one of the 35 properties "owned" by BoNY) has this address:

Owner's Mailing Address
OCWEN LOAN SERVICING LLC
1675 PALM BEACH LAKES BLVD STE 402
WEST PALM BEACH FL 33401-2122

So in this case, talk to Ocwen, not BoNY. If you can't figure it out from the property card, look at the deed (like this one.) In the example above, the wording for the Grantee is THE BANK OF NEW YORK MELLON, as trustee on behalf of the registered certificateholders of GSAMP TRUST 2004-SEA2, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2004-SEA2 c/o OCWEN LOAN SERVICING LLC, 1675 PALM BEACH LAKES BLVD STE 402, WEST PALM BEACH FL 33401-2122.