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
- Half century of memories — Christmas on Deer Creek to celebrate 50th anniversary
- Investigators find massive Ag Museum fire was an accident
- Analyst: KiOR Columbus plant may end up sold as scrap
- Prison-contract task force working in wake of Epps' indictment
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Bryant wants free tuition for students with technical diploma
- Former MDEQ Executive Director Trudy Fisher joins Butler Snow
- BILL CRAWFORD: Bryant’s tax cut won’t stop spending growth
- Prescott leads field for Conerly Trophy as state's best football player
- Court hits David Watkins with $600,000 order over Retro Metro issues