UPDATE 3/14/2017
Since I wrote this blog post a year and a half ago, it has been by far my most popular post, with over 14,000 hits. I have also gotten emails from lots of frustrated people trying to deal with LSF-9. Most of these have either been people who are either trying to buy LSF9 properties or who are facing foreclosure on an LSF-9 mortgage. I have this to say about each category:
IF YOU ARE FACING FORECLOSURE ON A MORTGAGE OWNED BY LSF9 Master Participation Trust, or maybe LSF8 or LSF10 or whatever, get advice from an experienced consumer lawyer IN YOUR AREA. To find one in your area use the National Association of Consumer Advocates' Find an Attorney page. I can't represent you if you are not a resident of Indiana.
IF YOU ARE TRYING TO BUY A PROPERTY OWNED BY LSF-9 AND CAN'T FIND ANYBODY TO CONTACT, good luck, I can't help you. You can write to Caliber. You can write to the lawyer handling the foreclosure case. You can write to Lone Star Funds, the parent company, at the address below which I took from their website.
Lone Star Global Acquisitions, Ltd.
- Lone Star North America Acquisitions, LLC
2711 North Haskell AvenueSuite 1700 (and Suite 2150)Dallas, Texas 75204USA214-754-8300
I see an interesting 'bank-owned' vacant property being auctioned on-line by Auction.com. In due diligence, I looked up the tax records and found the owner to be LSF9 MASTER PARTICIPATION TRUST. When I googled the Trust, I am now more confused than ever. Can it sell the property to me ?
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