Portfolio of Loan Servicing Company
Listing Information
Portfolio of Loan Servicing Company
Minimum Price: $447,000.00
Created: 11/24/2014
Category: Business Property > Financial > Other
Sale Date: Tue. Dec 16, 2014
Trustee's Attorney
500 N. Akard Street, Ste 3800
Dallas, TX 75201
(214)855-7587
Case Title: Atlas Financial Mortgage, Inc.
Court: Texas Northern Bankruptcy Court
Chapter: 7
View Case Docket
Description
Sale of a portfolio of Borrower Notes, Borrower Deeds of Trust, and the Seller claims and rights against the Borrowers and the Properties. was engaged in the business of originating and then holding and servicing loans to subprime third party borrowers, secured by deeds of trust against the borrowers’ properties in the Dallas—Fort Worth area. These third party borrowers (collectively, the “Borrowers”) borrowed funds from the ATLAS FINANCIAL MORTGAGE, INC pursuant to numerous promissory notes of varying amounts, terms, and interest rates (collectively, the “Borrower Notes”). To secure their obligations under the Borrower Notes, the Borrowers executed deeds of trust in favor of the Company (collectively, the “Borrower Deeds of Trust”), which the Company thereafter recorded, thereby perfecting first priority liens against the Borrowers’ underlying properties (collectively, the “Borrower Properties”)
Financial Overview
Additional Details
Sale Hearing Time - 2:15 p.m
Last date to respond – 24 days from the date of service
Date of Service – November 23, 2014