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All Forum Posts by: Paul Falbo

Paul Falbo has started 0 posts and replied 1 times.

Post: LSF9 Master Participation Trust

Paul FalboPosted
  • Title Representative
  • East Islip, NY
  • Posts 1
  • Votes 0

Hello All. I have been researching and tracking Lone Star Funding specifically US BANK TRUST NA AS TRUSTEE FOR LSF11 MASTER PARTICIPATION TRUST since 2015. When they bought a loan that I was negotiating a short sale with Citi Mortgage. My short sale was approved and all of the sudden I couldn't get final HUD approval to close. The radio went silent for 90 days and then the law firm I work at received a letter from Caliber Home Loans/ New Rez Servicing. I had to start the entire process over again and in the end Caliber insisted the house was worth a lot more than any investor was willing to pay for it. One and half years of work gone with no reward.

It has purchased 1.1 million  properties since 2014 in the US alone. The plan all along is to rehab and rent most of the portfolio. They are doing this through their many subsidiaries, The last one being  Hudson Home Management. Through the site https://use.rently.com/.

Good luck.