Banks take in money, and they lend money.  It is a system that has worked well for a very long time.  Currently the lending part has gotten more and more complicated as many American’s either can’t repay their loan or simply do not want to repay it.  When this happens it becomes necessary for your bank to go in to the collection mode.  This is where the complicated part comes in.  There are many federal, and possibly state, laws that apply to how the debtor can be found and what you can legally do after he/she is located to start the collection process.  Trying to find the debtor can become complicated as they may have been foreclosed, or evicted, and may have even moved out of state to live with family or friends, making it all most impossible to find them by the means you have.  Once located, you (or your attorney) will want to know what  assets they may be hiding that can be used to satisfy the debt owed to your bank.

The excellent advise: contact a licensed private investigator who specializes in person and property locates.  By all means, forget the persona of the PI that you have seen on TV and in movies!  In reality many states ( such as Florida) have strict laws governing the profession thus they are held to a higher standard than those who do locates and are not licensed.  Locating persons and property is their specialty, their agency is a CRA and they have access to private databases that are FCRA and DPPA compliant and they are well versed in the FDCPA.  It takes much more than just a database search to make a confirmed locate; it takes good old fashioned detective work, knowing what records to search, how to find relatives or friends, and how to find any property or assets.  Most private investigator are former law enforcement officers or agents who are very experienced in investigation. 

If you have any questions or need assistance, please contact me here or at www.missinglocated.com.