Bank of New York Mellon, REO Department

Submitted by Mai Matthesen from CA - 05/11/2010 - 1:29pm

Hello, I am a realtor with over 21 years of experience. I have a client interested in buying an occupied foreclosure from Bank of New York Mellon. Do any of you have a contact number for that Bank? The property we are interested in is in zip code 91302.

I appreciate your response and will reciprocate whenever possible.

Thank you very much!

Mai Matthesen "maiandteam@sbcglobal.net" (818) 512-8913

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Comments

Submitted by Michelle - 05/25/2010 - 10:25am

From what we can tell they want you to call customer service to get the contact info for the REO Department. 866-BNY-1784 or 800-269-6776. You can also try their website http://www.bnymellon.com/. Good Luck!!

Submitted by Zarahiah - 02/06/2012 - 10:04am

Hello
I am inquiring about two pieces of property in Bedford Stuyvesant Brooklyn, 11233.
-330 Macdonough Street, I would like to put in an offer if and when it goes on the market or if I can get additional information on the property to purchase that would be great.
Also – 436 Macon Street, I’ve seen this property as occupied for years until 2001. There was a fire and I inquired about the house and was told that the family would rebuild. It’s now 11yrs. Later and I’m interested in making an offer. I want to save this house... My phone no. is 718-493-8745 my cell is 917-446-1994 E-mail TIMZARZIM@hotmail.com.
Sincerely,
Zarahiah

Submitted by Felix Langer - 05/20/2011 - 7:33pm

I located on MLS a single family house for sale by realtor Edul N Ahmad Ahmad Realty 10520 Liberty Ave Ozone Park NY 11417 Tel 718 848 6200.
The address of the property112 –41 180 street NY 11434. The asking price was $146,000 and four days ago (Monday 16th 2011) I made an offer (full asking price no mortgage contingency). As of today I have not received any answer regarding my offer. Recording documents indicate that BNY is the owner of the property or at list a trusty for certificate holders. I submitted my offer in writing through my real estate agent and suspect that my offer has not been presented on time. The real estate (Ahmad Realty) does not properly represent the sale of the house or maybe they have inappropriate self-serving interest. I would really appreciate if you could look into this.
Thank you,
Felix Langer

Phone 917 582 3900

Submitted by BEVERLY Leach - 06/10/2011 - 5:48pm

Hello
I am inquring about the property in cleveland ohio. Parcel number
109-08-004,the address is 9912-9914 Parkgate ave in the 44108
zip code..I have seen this house go from good to bad. And I want to save this house.. My phine no. is 216-681-1488 my cell is 216-246-3308. Thanking you in advance. sincerely Beverly Leach.

Submitted by Michelle - 06/13/2011 - 9:52am

Hi Beverly,
You may want to reach out to a local real estate agent that specializes in REO's for additional information on this property.

Submitted by peggy schwartz - 06/18/2011 - 2:42pm

I am a real estate Broker Phx az. Have a client interested in the property you took back 06/02/2011. Parcel No 211-37-013k address 32621 n 48th st cave creek,az 85331. What is price? How do i get axcess . Hope to hear soon. 06/18/2011. Cell 602-885-3999.

Submitted by john lowery - 07/30/2011 - 3:30am

I am realtor in Madison Ms. Mellon was named as the bank that foreclosed on a property in madisonMs. The property was closed on in april, I need a # of the reo dept of mellon bank I have a client thats wants the home it is not listed with anyone yet johnlowery 601-906-2163

Submitted by Michelle - 08/01/2011 - 11:18am

Hi John,
You may want to try locating the REO department of Mellon by using the http://www.scotsmanguide.com/ You should also check for the most recently recorded deed to see which bank is actually on title to the property. It could be Fannie Mae or Freddie Mac.

Submitted by Evelyn Albornoz - 10/18/2011 - 4:19pm

I'm a Real Estate agent from Century 21 M &M and assoc, can you please let send me more info regarding 323 Ward Road, Los Banos,Ca. Also I would like to offer my service as Listing agent for the Merced County properties.

Submitted by Michelle - 10/25/2011 - 12:27pm

Hi Evelyn,
We have a great recorded webinar called Breaking Into the REO Club. Typically the larger lenders will assign the property to an asset manager. You would need to be on the approved list of the asset manager in order to get that assignment.

To view the recorded versions of our webinars please click on "Webinars" under the Support and Training tab on our home page. You will then scroll to the bottom of the page to see the previously recorded webinars that we have on file. You can also register for our free webinars and view the recorded version by clicking on the following link: https://www.foreclosureradar.com/webinars

Submitted by javier sanchez - 10/19/2011 - 7:17pm

I am javier sanchez a real estate agent remax champions i Have a client interested in the property address 11249 spruce ave bloomington ca 92316. What is price? How do i get axcess . Hope to hear soon. 10/19/2011. office.909--981-9733 email:thesanchezgroup@yahoo.com

Submitted by Michelle - 10/25/2011 - 12:31pm

Hi Javier,
Typically the lender will assign the property to an asset manager that will assign the property to a local agent. This agent is responsible for preparing the property for sale, evicting any occupants, and preforming the valuation (BPO) so that the lender can set the list price. They will typically list the property on the local MLS once they have a list price from the lender. You can usually see the assigned agents name and number on any documentation that is posted on the window of the property. Keep in mind that they will typically not be able to entertain offers until the property is listed.

Submitted by LGPJ - 11/28/2011 - 10:20am

I am interested in purchasing a property in Desoto, Tx. The house is owned by BONY. BOA is their choice for Pre=Approvals. The home is scheduled for auction if no contract can be obtained. Problem is Conventional Loan scores are much higher and that may be part of the problem with selling this home. Is there a number for this company ?

Submitted by LGPJ - 11/28/2011 - 10:22am

I am interested in purchasing a property in Dallas, Tx. The house is owned by BONY. BOA is their choice for Pre=Approvals. The home is scheduled for auction if no contract can be obtained. Problem is Conventional Loan scores are much higher and that may be part of the problem with selling this home. Is there a number for this company ?

Submitted by Alan Hope - 12/01/2011 - 10:08am

I would like to make an offer to purchase one of your REO properties located at 109 Shawsheen Rd in Lawrence MA.
The prvevious owner was O Daniel Omoregle and attorney Korde and Ass represented you at auction.
Thanks, Alan

Submitted by Alan Hope - 12/01/2011 - 10:10am

I am interested in making an offer on 109 Shawsheen Rd Lawrence MA.
The previous owner was Daniel O Omoregle

Submitted by Fefi H - 12/04/2011 - 2:52am

Im interested in a Bank of NY Mellon property in Ft. Worth Tx. A realtor's sign & number is posted. There is a little lock box which is where door key is kept. I want to make offer as I've lived next to property for 38 yrs and knew orig owner. Agent keeps telling me they haven't recieved a price from bank yet and aren't showing property yet. They told my realator they have someone who wants to pay cash and if my realtor's client should offer full price. IF THEY HAVE A CASH CCUSTOMIZED, they obviously have shown it! It is nit listed on MOST

Submitted by Michelle - 12/06/2011 - 12:50pm

Hi Fefi,
It is not uncommon for the agent to be waiting on the list price. An agent will typically provide a broker price opinion and then the lender will secure other independent brokers to submit a similar report. Other reasons for a delay in releasing the list price would be curative title work or pending repairs on the property. An agent will have keys to the property and in some areas they will also post their sign even before the house is on the market.
It is possible that the agent is trying to double end the transaction (represent the buyer and the seller).

Submitted by Roy Gates - 12/04/2011 - 2:16pm

I am interested in a property recently purchased by Bank of New York ( Oct. 2011) at a foreclosure auction. Property is located in Mesa, AZ. How do I obtain information regarding the sales price?

Submitted by Jess Perez - 12/13/2011 - 9:14am

Does anyone possibly have the mailing address and fax # to the foreclosure department and loss mitigation department for Mellon Bank? Please contact me if needed be 626-602-4994

Submitted by Ernestina Cano - 12/26/2011 - 8:44am

I am interested in your property located at:
1408 Prosperity
Edinburg, TX. 78539
Multifamily 4- plex
Can we see the property prior to making an offer?

Submitted by Michelle - 12/27/2011 - 3:31pm

Hi Ernestina,
You would want to contact a local real estate agent if you are interested in purchasing this property.

Submitted by David Jevarajah - 12/28/2011 - 7:57am

I need to know the status of a piece of property on 402 Point Lookout Rd, Sunrise Beach, Mo 65079

Submitted by Michelle - 12/28/2011 - 9:47am

Hi David,
A local real estate agent that specializes in foreclosures should be able to assist you with the current status of this property.

Submitted by Cesar Lopez - 01/07/2012 - 5:38am

Experienced Realtor in Orlando Florida working with BPO and REO properties. Could you steer me toward a contact person to service these properties in the Orlando area?

Kind Regards,

Submitted by Douglas Looney - 01/07/2012 - 9:33am

How can I place a bid on the property located @ 3124Monte Murrey Rd Lewisburg TN 37091 Marshall Co TN?

Submitted by Traci Potter - 01/17/2012 - 11:12am

I am a Realtor in Big Bear Lake, CA. I have a client who is interested in purchasing a single family residence located at 47070 Pioneer Town Road in Baldwin Lake, CA. Who may I contact regarding the sale or auction of this property as it is owned by BONMellon? I look forward to a repsonse. Traci Potter

Submitted by Michelle - 01/18/2012 - 1:13pm

Hi Traci,
According to our records the Trustees Deed was recorded on 10/11/11. The owner of record is Bank of New York/Mellon. Most large banks will typically assign their REO properties to an asset manager that then assigns them to a local agent. You can certainly go by the property to see if there are any contact names posted on the property. You can also look for contact names for the lender in the Lane Guide or the Scottsmans Guide. Although is it POSSIBLE to purchase directly from the bank it is very rare that you can bypass the asset manager and the local agent.

Submitted by wayne - 01/18/2012 - 12:41pm

hi i am in the market to buy a house and need to know the status of house at address 1605 acorn leaf ct. valrico florida 33594

Submitted by Matt Cooper - 01/19/2012 - 7:16am

I am inquiring about a foreclosed property at 6272 CHAPPELFIELD DR., WEST CHESTER 45069. I would like to know if there is a local agent assigned to the property or a property preservation company. How do I get their contact information since there is no sign in the yard and it is not listed with mls.

Submitted by Michelle - 01/19/2012 - 9:40am

Hi Matt,
You may want to reach out to an agent in your area that specializes in foreclosures. They may know the agents or asset managers that typically handle properties for BofNY/Mellon. ForeclosureRadar does not cover that area.

Submitted by jackie lee - 01/19/2012 - 3:58pm

i need any foreclosure property CA 90274-90275

Submitted by Michelle - 01/20/2012 - 9:24am

HI Jackie Lee,
With a subscription to ForeclosureRadar you can see all properties that are scheduled for sale or have sold at trustee sale. To register for an account you can go to foreclosureradar.com and click on the sign up button or you can use the follow URL: https://www.foreclosureradar.com/register

Once you have signed up you can login by going to ForeclosureRadar.com and click on the Member Login tab in the upper right hand corner.

Submitted by Wendi Stott - 01/31/2012 - 2:09pm

I am a real estate agent and I looking for information on a property located on 37 Blue Jay Parkway in Ringgold, Georgia 30736 Do you know if this property is going to hit the market with a local agent? This property has a lock box on the door and has been winterized but is there a way to show/sell this property?

Submitted by Michelle - 02/01/2012 - 11:55am

Hi Wendi,
ForeclosureRadar does not currently cover Georgia. We suggest reaching out to Trustee that handled the foreclosure and see if you can find the REO contact person at Bank of NY. Keep in mind that the Trustee is not obligated to give you that information so you will want to make sure you use all of your southern charm when contacting them. Make sure you have the address of the property and their Trustee Sale number handy so that you can easily reference the property. The TS# will be on the actual foreclosure notice and you can get a copy from your local title company. The REO dept would be able to tell you if the property has been assigned to an agent.
You may also want to go to the property and see if there is a notice posted with a phone number. The property may have an assigned agent but there could be other legal reasons why it is not on the market. If you find out who the agent is you can at least stay in touch with them to find out when it may be listed.

Submitted by howard clark - 02/01/2012 - 2:13pm

I am a local realtor seeking contact or other info on 3602 Pine Street, Castro Valley, C., 94546, I have a client that tried to purchase it when it was a short sale, please advise, thanks Howard

Submitted by Michelle - 02/01/2012 - 5:02pm

Hi Howard,
This property went back to the bank on 12/27/11 and the trustees deed was recorded on 1/4/12. Typically the trustee will send the file to the REO department of the lender and then the REO department will assign the property to an asset manager that will assign it to a local real estate agent. The first order of business for the agent is to perform the occupancy check, BPO and assess what needs to be done on the property to ready it for sale. This usually happens withing the first week or two. Oftentimes the agent will post a notice on the property with contact information if there are any problems at the property.
If you do not see any notice then you may want to try contacting the Trustee (have the address and TS# handy) to see if they can give you the contact info for the REO department. Once you have a contact at the REO department they will usually give you the assigned agent info. I just did this last week and in 5 minutes i was on the phone with the assigned agent. Keep in mind that if the property is not yet listed you may have to wait until the lender reviews all valuation information and sets the list price. Although it is POSSIBLE to purchase before the property is listed it does not happen very often.

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