Trustee wants Vantium to service Community Home loans
by MBJ Staff
Published: June 30,2014
Tags: Acqura Loan Services, bankruptcy, banrupt, Community Home Financial Services Inc., Kristina M. Johnson, loan, mortgage, real estate, trustee, U.S. Bankruptcy Court for the Southern District of Mississippi, Vantium Capital Inc.
JACKSON — 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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- Bids on reworking Interstate 55 stretch are rejected
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Two new casinos like the odds on Mississippi Gulf Coast
- The leadership styles of President Obama
- Report ranks state schools' performance 51st in the nation
- JACK WEATHERLY: Finding a house, defending a neighborhood, finding a voice
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur