Forensic analysis, DISCOVERY: BofA Hides Behind Reconstrust Subsidiary

Editor’s Notes: Bank of America is smarter than most. It has created a web of companies whose function is to perform activities that hide the fact that it is Bank of America, and there are other pretender lenders who hide behind this entity who suddenly appears as “trustee” or some other entity claiming the right to enforce the note, foreclose the mortgage, lift the stay or whatever. Recontrust is one of them, and it agrees with its “customers” that it will never make a REAL claim to the obligation, note or mortgage. But it also agrees to make claims and pursue foreclosures as though they were the creditor, reporting back later on what happened.

RECONTRUST APPARENTLY HAS 12 EMPLOYEES. Yet it handles virtually the whole country for Countrywide Loans, BofA and others. From what I can see it is a sham corporation with sham functions much the same as MERS and other players invented to make this process more complicated. Taking the cue from one of our readers, I did some additional research and found no less than four addresses in four states for this company, obviously designed to give you the run-around. So if you contact one office you are told to contact another. And if you contest their right to issue a notice of default, notice of sale or file a foreclosure lawsuit or defend your own lawsuit to stop them they have plenty of newly fabricated paperwork to justify their position, because that is apparently all they do.

If you want to test this, just call them and ask about a property that is not in foreclosure. They have nothing. So the only reason we see them is to provide cover for the pretender lenders and give them plausible deniability if they come up against a judge or has their number and now wants to award damages, attorney fees, or fines.

Lien Release Services: Consistent. Accurate. Timely.

Lien Release Services

Phone:1-866-207-0573

Address:

1330 West Southern Avenue
Tempe, AZ 85282-4545
Mail Stop: TPSA-88

Default and Special Release Services

Phone:1-800-281-8219

Address:

2380 Performance Drive,
Richardson, TX 75082
Mail Stop: RGV-C4-450

Real Estate Owned (REO)
If you have questions or inquiries regarding REO purchases, unlisted purchases, investor-owned information, city violations, REO broker applications, REO vendor management, or broker complaints please call the REO Customer Escalation Team at: (866) 781-0029.

The following states have sold properties.
Click on the state to view information.

State Number of Properties
Alaska 18
Arizona 1783
Arkansas 66
California 4430
Idaho 214
Mississippi 50
Montana 47
Nebraska 26
Nevada 586
Oregon 114
Tennessee 107
Texas 99
Utah 185
Virginia 156
Washington 135
The following states have properties
listed for Trustee Sale.
State Number of Properties
Alaska 200
Arizona 18956
Arkansas 697
California 29862
Idaho 1528
Mississippi 190
Montana 493
Nebraska 129
Nevada 1560
Oregon 4584
Tennessee 480
Texas 1158
Utah 983
Virginia 515
Washington 1245

Our lien release departments, located in Simi Valley, CA, and Tempe, AZ, record documents in more than 3,600 jurisdictions.

Expertise when you need it most.

Let our experienced staff handle your lien release from start to finish. We’ll help you achieve timely releases and reinstatements and improve productivity and efficiency while reducing expenses and boosting your bottom line. We have the capabilities and experience to process reconveyances and lien releases nationwide, regardless of location or volume.

Timely, accurate results.

Lien releases must be filed and recorded within a very short time following the satisfaction of a lien. We don’t just promise timely turnarounds—we deliver on that promise. When you outsource your lien release program to ReconTrust, you get a partner that’s committed to reducing your liability and administrative costs while providing accurate, compliant results.
We control financial risk by adhering to strict compliance standards at state and local levels. That means your files are processed on time within compliance statutes in all jurisdictions. Using state-of-the-art technology, we also provide accurate, efficient document preparation and management to help you meet required deadlines.

Reduced costs. Improved productivity.

Our team of experts handles releases nationwide, resolves exception files and clears backlogs. We offer an array of customized solutions to resolve your lien release concerns.
We also handle partial release requests. We review, analyze and process each request based on your lender guidelines, and ensure that the outcome will have a positive impact on your business.
The benefits of lien release outsourcing are many. You save time and money, because we help mitigate rising staffing costs and fluctuating workloads. When you need a partner in lien release services, turn to ReconTrust.

Looking for a JOB?:

Job Description:

Review and audit Trustee’s Sale Guarantees (TSG’s) for accuracy; correct deficiencies; input data from the TSG into ReconTrust operating system (FPS); Trustee’s Sale Processors may assist Trustee’s Sale Officers with file audits;This position requires fairly continuous data entry for several hours each day. MUST HAVE Mortgage &/or Title Experience – NO EXCEPTIONS Keywords: Company Confidential, Dallas, Data Entry – MUST HAVE TITLE EXPERIENCE, Sales / Marketing / Pr, Dallas, Texas

ReconTrust’s Employees

Join to view all (12)

Jim Taylor

President

Sam Shmikler

VP, Risk Management

Kailash Bhuckory

Sr. Bus. Analyst,…

Lorena Castillo-Ruiz

Avp

Denise Sletten

Assistant Team Le…

Eva Tapia

Jeffrey Aiken

Rebecca Baney

Automatic review of recontrust.com
recontrust.com has been automatically reviewed at 2010-03-29 by robtex

Check Result
NS on different IP networks YES
NS delegation consistent with zone YES
Listed in DMOZ NO
Listed in Alexa top 100000 NO
Good WOT rating YES

Total score 30/50 normalized to 3/5 stars
This is experimental beta, more checks are added shortly

SEO Analysis

Organic keywords

Keyword Position
recontrust 14
recon trust 14
custody documents 19

Organic competitors

Domain Common Keywords
recontrustco.com 6
bankofamericastore.com 2

Rising foreclosure activities can be a distraction for any servicer. If you’re not positive your business is prepared to handle the rising numbers, let’s talk. ReconTrust’s default management services could take the weight off your operations, so you can focus on your core business.
We provide foreclosure services in 16 states.

If you are having difficulty making your mortgage payments, there may be options available to help you avoid foreclosure. Please click the link below for more information.

Contact Us |
About Us |
FAQ |
Privacy & Security

ReconTrust Company, N.A. is a wholly-owned subsidiary of Bank of America, N.A.
Bank of America, N.A. Member FDIC. Equal Housing Lenders  Some products may not be available in all states.

© 2010 Bank of America Corporation. All rights reserved.

Unaffiliated companies or web sites may report on ReconTrust’s business activities. However, for the most reliable and current information regarding ReconTrust’s business, please contact us directly at (800) 281-8219 or by mail at 1800 Tapo Canyon Road, Simi Valley, CA 93063.

Home > Contact Us
Corporate Headquarters:
Default and Special Release Services

Phone:1-800-281-8219
Address:
2380 Performance Drive,
Richardson, TX 75082
Mail Stop: RGV-C4-450

Real Estate Owned (REO)
If you have questions or inquiries regarding REO purchases, unlisted purchases, investor-owned information, city violations, REO broker applications, REO vendor management, or broker complaints please call the REO Customer Escalation Team at: (866) 781-0029.

Headquartered in Thousand Oaks, CA, ReconTrust is a member of the Bank of America family of companies. That means when you turn to ReconTrust, you leverage the resources, technology, scale, and strength of one of the largest financial services companies in the world.
We understand the needs of the mortgage industry, and we are committed to delivering top-flight results. What is more, we share our parent company’s dedication to quality and continuous improvement. To that end, we are committed to offering our clients the highest levels of service, responsiveness, and accuracy.
Our goal is to boost your bottom line by reducing costs, increasing the efficiency of your business and improving the effectiveness of your mortgage operations. In short, we make your best execution happen.
ReconTrust is the name you can trust, and a partner you can rely on. Call us today to find out how to put our expertise to work for you.

Polling Results on Democratic Debate

In a Poll of 208 responding registered Democrats and Independents, Kucinich, Richardson, Biden, Edwards and then Obama came out ahead in the debate for honesty. Clinton came in dead last. But when asked about their likely vote, the differences were remarkable. Clinton leads by a slight edge, followed closely by Obama. The rest of the candidates, including the ones with highest “straight answer” ratings are far back in the pack. 

Asked the following “straight answer” question, this was the result of the a poll of likely voters in the primaries. The results show that honesty and integrity do not rank as high among likely voters as idealists would like.

A “straight answer is defined as the direct answer to a direct question that contains a definite statement of the candidate’s position, clear enough so that you feel confident that you know what they would do if they become President. With ten being the highest grade for straight answers and 1 being the lowest, how would you grade the following.” RESULTS—>AVERAGE

Barack Obama: 6.0

Bill Richardson: 7.2

Chris Dodd: 4.8

Dennis Kucinich: 7.2

Hillary Rodham Clinton: 4.3

Joe Biden: 6.3

John Edwards: 6.2

 

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