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Updated almost 4 years ago on . Most recent reply

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Bill Flanders
  • Real Estate Agent
  • Marlton, NJ
0
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LSF9 Master Participation Trust

Bill Flanders
  • Real Estate Agent
  • Marlton, NJ
Posted

I'm trying to understand what options I have to gather more information regarding an abandoned home in a neighboring town.  The house has been vacant for a couple years and is in a nice neighborhood (values around $400k to $450k).  JP Morgan Chase did hold the mortgage, but recently I saw that it was sold to LSF9 Master Participation Trust. 

I'm not sure if that is a bank, or some other entity?  I'm assuming the house will go to foreclosure at some point but I'm not sure how this recent change affects my potential next steps.

Any help, or advice, is greatly appreciated.  Thank You!

  • Bill Flanders
  • Most Popular Reply

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    Okay, I've read this thread and I was in a similar predictament. The property next door got eaten by this monster, but I had an issue with my property that was being caused by theirs. I went from Caliber Homes (OK), to Hudson Homes (TX) and finally to RESICAP (GA). Hudson Homes told me they wouldn't be selling it anytime soon. I've been in email contact with RESICAP for 6 months. First they said they'd be fixing up the property and renting it out. I explained my problem; they asked me to send photos, quotes, plans, etc.; which I did. Finally they suggested I make them an offer to buy it, which I did; which they declined. They finally asked me to give them a couple of days to get someone to get back to me to handle it. They put it up for sale 2 days later and haven't got back in touch with me! Can't tell you the outcome, because I'm still battling with realtors (but that's specific to my case). Contact info to try:

    REO at HudsonHomesMgmt dot com They copied their response to the Management company. cc'd on that email were:

    general at wripm dot com , HAM_REO_General at hudson-advisors dot com

    I then got an email from an employee at RESICAP who I think got my email from the general at wripm dot com. RESICAP website has a contact page (resicap dot com) and area code four zero four - four six seven - four two zero eight. If you call them, only call them to get a name; their email addresses are theirfirst initial, last name at resicap dot com. For example, Jane Doe would be JDoe at resicap dot com

    DON'T call~you have no records of what they say! Email, and if they don't respond, put "2nd Request" or "3rd Request." They actually are pretty good in responding.

    Good luck! I'll come back and let you know what happens with me!

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