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Trustee wants Vantium to service Community Home loans

11362557-bankrupt-concept-in-word-tag-cloud-on-white-backgroundJACKSON — United States Bankruptcy Court for the Southern District of Mississippi has approved the request of Kristina M. Johnson, Chapter 11 trustee of the bankruptcy estate of Community Home Financial Services Inc., to retain Vantium Capital Inc. (d/b/a Acqura Loan Services) to service mortgage loans on behalf of the bankruptcy estate.

Johnson’s appointment as trustee was approved by an order entered on Jan. 21 following the revelation in pleadings filed with the bankruptcy court that certain of Community Home’s principals had removed substantial sums of money from bankruptcy escrow accounts and the company’s books and records and set up an “alternate” operation in Latin America.

Johnson, with bankruptcy court approval, has been servicing the company’s loans on an interim basis since her appointment. With the arrest of the Community Home principal and the retention of Vantium to service the company’s loans, Johnson is now focusing on other investigatory duties and operational issues.

Moving forward Vantium will service loans for Community Home. The company, headquartered in Frisco, Texas, is an experienced loan servicing company that is licensed in all 50 states and specializes in the kinds of loans formerly serviced by Community Home.

Community Home borrowers will soon receive letters from Johnson with an introduction letter to Vantium.

 

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