SouthStar Funding, LLC Files Chapter 7 Petition in Northern District of Georgia
SouthStar Funding, LLC, the Subprime Lender based in Sandy Springs, has filed a Chapter 7 petition in Atlanta. Case No. 07-65842 (filed March 11, 2007). The company announced it was closing its doors last week. The petition lists assets and debts of over $100 million. According to news reports, the company did over $6 Billion in loans last year.
From the Atlanta Business Chronicle -
The Sandy Springs, Ga.-based subprime lender had more than 600 employees in 30 states, with 2006 mortgage production exceeding $6 billion, according to the company's Web site. The firm closed its other offices in Orlando, Fla., and Denver first, and followed with the shuttering of the Atlanta headquarters on Monday.
"When I came in Friday morning, I had no anticipation of shutting down," said Mike Fierman, Southstar executive vice president. "We just took the whole company to the beach last month on a trip."
The closing also came as a surprise to some local mortgage lenders.
In 2005, the company was named in the Inc. Magazine Top 500 companies.
Hello Bloggers, I am in Florida and I am looking for the contact for a home that is in foreclosure with SouthStar Funding, LLC as the owner. Any thoughts on who to contact?
I am in Georgia and looking for the same. I have searched the entire internet. Please let me know if you find out anything. Thanks, Any help is appreciated.
Hi I am ALSO in the same situation - has anyone has any luck with finding out the contact?
i too am looking for a contact...any word? thanks
I am a private investor based in the United Kingdom. I focus on seed capital, early-stage, start-up, ventures, LLC and all round completion and expansion of investment projects that need funding. I am interested to invest in your company on a long-term business relationship. If this is alright with you kindly get back to me with more details about your company. Dr. Frank Morgan.(Individual/Angel investor)
I have been looking for someone or anyone for over a year...can anyone help with contact info for current mortgages with southstar?
Hello, i have also been looking for a contact for over a year, if anyone has any information please help me.
Please help, my home was forclosed on by southstar in 2006 and the foreclosure paperwork and notice in the paperwork mysteriously does not exist. Also, somehow the paperwork was done up to look like I sold my home directly - not the foreclosure company. Please help
Hi everyone. I just got a letter in the mail from Southstar LLC. wanting to negotiate the terms of my loan. Saying they can offer me a NEW 30yr fixed loan and it's not a refinance. So I looked up the company and see you all need to contact them. Well, here you are...
Southstar Fndg LLC
(Phone Number Removed - Spam. This should be a warning to watch out for people using the smae name and running scams, and trying to pass off comments on blogs as legitimate)