Chain of Title in Debt Sales

Chain of title is the documented path of ownership from the original creditor to the current holder. In charged-off debt sales, it is often the difference between a competitive bid and a pass.

What buyers expect to see

• Bill of sale or assignment for each transfer
• Account-level schedule or data tape that matches the assignment
• Evidence of the original obligation where media is available
• Clear identification of the seller’s authority to convey

Gaps do not always make a pool unsaleable. They do change price, representations, and which buyers will engage. Sellers should disclose prior sales early rather than discovering them in diligence.

Seller checklist

Prepare a title binder before marketing: assignments, a sample of media, a list of accounts with missing documents, and any known disputes. That package shortens diligence and supports a 14–45 day close when the rest of the tape is complete.

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