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Barrington, IL

Raising funds to cover legal fees in a dispute over mortgage loans and assets.

• Litigation Funding: The companies are raising capital to fund legal fees and essential costs related to ongoing litigation.
• Asset Dispute: The dispute involves over $60 million in mortgage loans and REO assets.
• Multiple Lawsuits: More than 20 lawsuits have been filed across various courts, including significant cases in federal court.
• Potential Recovery: The companies aim to recover misappropriated assets and secure monetary damages.
• Legal Strategy: The litigation includes contract claims and RICO allegations against multiple defendants.

AHP Servicing and American Homeowner Preservation 2015A+ are raising funds to cover legal fees and essential costs associated with ongoing litigation against Cymbidium Restoration Trust and other parties. The dispute involves over $60 million in mortgage loans and real estate owned (REO) assets. The companies aim to recover these assets, which they claim are wrongfully held by Cymbidium and its affiliates. The litigation seeks to resolve issues related to asset ownership and financial discrepancies, with the goal of freeing up these assets for resolution or sale in the normal course of business.

The companies have filed multiple lawsuits across various courts, including significant cases in federal court. These cases involve contract claims and allegations under the Racketeer Influenced and Corrupt Organizations Act (RICO). AHP Servicing and American Homeowner Preservation 2015A+ are focused on obtaining a favorable outcome that would allow them to recover misappropriated assets and potentially secure monetary damages. The funds raised will be used to pay legal fees and other costs necessary to continue the litigation process, ensuring that the companies can pursue their claims effectively.

Company Info

AHP Servicing and American Homeowner Preservation 2015A+ focus on resolving distressed mortgage loans and are currently engaged in litigation to recover disputed assets.

AHP Servicing and American Homeowner Preservation 2015A+ are involved in the acquisition and resolution of distressed first mortgage loans. These companies focus on modifying loan terms to make them affordable for homeowners or, if necessary, foreclosing and selling the real estate securing the loans. They hold these assets in special-purchase trusts to comply with regulatory requirements.

Currently, AHP Servicing and American Homeowner Preservation 2015A+ are engaged in litigation against Cymbidium Restoration Trust and other parties over the control and ownership of mortgage loans and real estate owned (REO) assets valued at over $60 million. The companies are raising funds to cover legal fees and essential operating costs as they pursue claims to recover these assets and resolve the loans in the ordinary course of business.