Consumer JusticeForeclosure AppealsForeclosure Defense FloridaHOA Lien Foreclosure

Condo Foreclosure? The LM Funding Litigation Model Is In Deep Trouble.

It’s bad enough to be in a foreclosure, much less against your homeowner’s association. Things get even worse…much worse….when it’s a foreclosure being pushed by the Wizards Behind Association Foreclosure LM Funding.

Well…according to the Tampa Bay Times….they may be in trouble…might not make it through the end of the year.

From The Times:

In its latest filing with the U.S. Securities and Exchange Commission, the Tampa debt collection company said it experienced “significant operating losses” through June 30 of this year and had failed to make a quarterly principal payment to its main lender,

“The inability to obtain financing would raise substantial doubt about the company’s ability to continue as a going concern,” the filing said. It added, however, that LM Funding is negotiating with “several entities” and expects to have a new financing agreement by the end of the year.

 

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