711 Rescue - does it help LP in case of imminent foreclosure

[Marina Wong]

I wonder if anyone has heard of 711 Rescue (https://711rescue.com/) and can let me know if this kind of company might be able to help the LPs in case of imminent foreclosure. 

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly. They stopped paying the lender and wanted to work something out with the lender but the time is running out (ie the management company did not do any significant improvement during the forbearance period) 

One of the LP just emailed me and said we need to raise 65k to enlist help from this company. Any info on what you think can be helpful for the LPs is greatly appreciated. If you know of any legal entity in TX that can help in a case where GP is not doing their job (maybe a branch of SEC), please let me know.

TIA

[Jay Hinrichs]

Quote from @Ronald Rohde:

Have you contacted a lawyer? SEC will help only much later and only to try and seek jail or financial remedies.

You're trying to save the property today? You need to be talking to the lender.

I dont know anything about this company but it sure sounds like and advance fee scheme. And it sounds like OP is smart enough to know not to send 65k up front only to never see it again and get no help.. Sometimes a good commerical Broker could come in and deal with the bank and or their captial markets..  Just another tail of MF not working for investors seems to be a real run on it these days.