Posted by Ron on December 08, 2003 at 16:04:38:
Hi Walter,
My 1st reply seems to have dissapeared. Yes! That definitely helps! Great advice I think and the type that one usually has to pay for. Luckily I know about this forum which is probably one of the best places on the entire web.
If New York is not one of the 28 states covered I may be tugging at your sleeve again soon. LOL
Happy Holidays!
When the Seller has “No clue!” - Posted by Ron
Posted by Ron on December 05, 2003 at 18:16:05:
Hi,
I found a gent who’s interested in selling his note however all he knows about it is what I know. How do I research the info for him? He says he’s willing to work with me exclusively.
Also, he says there are members of his family who have unrecovered funds in various accounts and he says he’d pay to have someone help him recover them. Anyone have any knowledge of how to do this?
I think this note is a 2nd on his deceased Dad’s property and it was brought to his attention by a lawyer wanting to buy it and now again by me in a postcard mailing.
Thanks a lot,
Ron
Re: When the Seller has “No clue!” - Posted by Walter
Posted by Walter on December 08, 2003 at 10:25:27:
A couple of suggestions for the “he says there are members of his family who have unrecovered funds in various accounts and he says he’d pay to have someone help him recover them.” First suggestion to just help him would be to suggest that he visit http://www.foundmoney.com/. I went to the site, figured out which state was holding my money and then just wrote to the appropraite department for the forms and retrieved my money. The second suggestion would be: If you’re looking for property, many states have an unclaimed property page on their Web site, but an easier way to search is by first visiting missingmoney.com, which is sponsored by The National Association of Unclaimed Property Administrators. Some 28 states can be searched all at once. Other states are being added to the site, and the search is free. Just enter a name and you’ll be taken step-by-step through the process.
Hope this helps…
Little clue and No clue… - Posted by Michael Morrongiello
Posted by Michael Morrongiello on December 06, 2003 at 19:39:02:
Ron:
If you have litle clue and this Note holder has no clue then no offense but it sounds a bit like the “blind leading the blind…”- I would suggest you get the relevant documentation that this Note holder surroundig his Note and then deal with a COMPETENT Note investor who has been around awhile. They will be able to quickly ascertain whether this deal is workable or not and more importantly save you from a lot of frustration and time ill spent pursuing deals that have little chance of ever closing…
To your success,
Michael Morrongiello