Skip Tracing, Asset Investigation

SKIP TRACING

How does Skip Tracing or an Asset Investigation Work?

KBAG’s approach to skip tracing is a deductive step process that begins immediately upon account placement and continues as long as an account is placed with us for collection. Once KBAG has received and loaded a client placement file onto our system, KBAG’s data processing personnel run several locator routines that match information brokerage service files against account names, addresses, and zip codes; unknown or incorrect information is flagged by the system and documented in the account file. Initial placements are also run against bankruptcy and death records and set aside to be processed separately by KBAG’s administrative personnel. accounts for which a valid address or telephone number exists receive letters or telephone calls as appropriate. If no valid address or telephone number is available, then KBAG’s recovery Agents and Skip Tracing Specialists initiate semi-automated and manual skip tracing attempts.

Skip Tracing or Asset investigation can be completed in a number of ways, all focusing on piecing together the puzzle of an individual or company’s financial puzzle. Asset investigations basically work by uncovering exactly what sorts of collectible assets someone has. Whether investigating a business or individual, an asset investigator will determine how likely you are to get money in a court case. An asset investigation can also tell you how secure someone’s assets are before you trust a company or individual with your business.

Types of Asset Investigation can Uncover

 Corporate Skip TracingIndividual Skip Tracing
  1. Bank Accounts
  2. Real estate and deeds
  3. Mortgage information
  4. Corporate Filings
  5. Judgments
  6. Bankruptcies
  7. Federal and state tax liens
  8. Corporate officers, members and other associates
  9. Dunn and Bradstreet records
  10. IRS 500 employee benefit information
  11. UCC Filings
  12. Current contact information (addresses and phone numbers)
  13. Registration information for motor vehicles
  1. Bank Accounts
  2. Please of Employment
  3. Real estate and deeds
  4. Mortgage information
  5. Motor vehicle registration
  6. Watercraft registration
  7. Aircraft registration
  8. Judgments
  9. Bankruptcies
  10. Criminal Records
  11. Federal and state tax liens
  12. Current contact information (addresses and phone numbers)
  13. A.K.A.s or D.B.A.s

Skip Tracing Financial Records 

Skip Tracing for Financial searches can be performed by a collection agency on the creditor if your subject owns a property and if the property has a mortgage, the mortgage application can be obtained by serving an information subpoena on the bank. The response will yield all the evidence you are looking for and then some. You will get all of the bank account information including account numbers and insurance policies in different types and Classes. We have asset types and asset classes with subcategories in each that can discover hidden assets.

Skip Tracing can be done by a collection agency on the lender and on loan modification packages and refinances. These will supply bank account information and bank account numbers as well as other equity. Financial searches can be done by serving the landlord and figuring out how much of a deposit is held at what bank as well as how the rent is paid. This evidence can be had with a subpoena.

skip tracingSkip Tracing can be done on divorce records. These can be a gold mine of information when personal net worth statements and schedules of assets are discovered. In most cases, divorce records are public information. This varies on a state-by-state basis. In some states you must be a party to the action to get access. Financial searches can be conducted on tax liens. If a property is owned and taxes are delinquent, many counties and cities turn them over for cash. Since they are not receiving the revenue from the tax roll and they generally need the funds to pay for costs like municipal employees salaries and benefits, they will sell off the asset to the highest bidder in the form of a tax lien. Those tax liens contain your freedom and success.

Skip Tracing can be done on civil records to uncover information such as current or past financial restitution cases, personal injury, and civil disputes. These figures are an extremely positive indicator of the quality and range of the asset quality of the hard and soft assets.

Skip Tracing can be done on a bankruptcy. Bankruptcy is a public proceeding, and they don’t know the wealth of information they have left behind. Even if your debtor filed bankruptcy eight years ago, the records may still be online. If the bank information is old, a lot of debtors have trouble switching to a new bank because the new bank don’t want them.
Financial searches can be by a collection agency with serving the insurance company. Often times while insurance policies may not be garnishable, the proceeds from a settlement can be intercepted. These are some of the financial assets that can yield hidden treasures because everyone needs insurance. Everyone needs an insurance broker to locate secret and protected assets.
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