Editors Choice

After Foreclosure Judgment Against a Man that Recently Lost His Wife, The House is Sold to a Mortgage Backed Security Co. and is Now Available for Rent via their Property Mgt Co., Main Street Renewal LLC

America, if you wonder why there is a shortage of  affordable residential homes for purchase or rent in the marketplace, here’s your answer. It’s called Wall Street Bankers and Investors buying up homes for cents on the dollar at foreclosure sale and renting them back to people at exorbitant rental prices.

America, if you wonder why there is a shortage of  affordable residential homes for purchase or rent in the marketplace, here’s your answer. It’s called Wall Street Bankers and Investors buying up homes for cents on the dollar at foreclosure sale and renting them back to people at exorbitant rental prices.

THE FORECLOSURE CIVIL ACTION IN SOUTHERN DISTRICT COURT, HOUSTON, TEXAS

Christiana Trust, A Division of Wilmington Savings Fund, FSB, as Trustee v. Bush (S.D. Tex. 2016)

 
 August 15th, 2016
 June 7th, 2017
 
 
 
 
 
 

Document #10 (2 pages)

ORDER entered : GRANTING 9 MOTION for Appointment of Ad Litem. The court grants the motion and appoints Paul D. Clote, Esq., McGinnis Lochridge, 711 Louisiana Street, Suite 1600, Houston, Texas, 77002, Telephone: (713) 615-8528, email: pclote@mcginnislaw.com, to serve as the attorney ad litem to represent Unknown Heirs at Law of Cheryl A. Bush, Deceased in this cause.(Signed by Judge Lee H Rosenthal) Parties notified.(leddins, 4) (Entered: 10/21/2016) 21 October 2016 PACER Document…

 

Document #37 (7 pages)

MEMORANDUM AND OPINION entered GRANTING 35 MOTION for Summary Judgment and Brief in Support. Final judgment to be entered by separate order. The Christiana Trust must file any attorney’s fees motion by June 21, 2017. (Signed by Chief Judge Lee H Rosenthal) Parties notified.(leddins, 4) (Entered: 06/07/2017) 7 June 2017 PACER Document United States District Court …

 

Document #38 (1 page)

FINAL JUDGMENT entered. This case is dismissed with prejudice. Case terminated on 6/7/17.(Signed by Chief Judge Lee H Rosenthal) Parties notified.(leddins, 4) (Entered: 06/07/2017) 7 June 2017 PACER Document United States District Court Southern District of Texas …

THE EVICTION AND THEN SALE OF THE RESIDENTIAL HOME IS FIRST

7715 Whidbey Island Dr., Houston, TX 77086

3 beds2 baths1,281 sqft

Original Mortgage per Judgment; $64,000

Sold for; $101,339 (May 2018)

Current Est. Value: $136,217 (July 2019)

THE QUICK TOUCH UP RENOVATION AND VOILA, READY FOR RENTAL BY MAIN STREET RENEWAL LLC

But who’s Main Street Renewal LLC, with over  240 employees in Austin, Texas?

Unified Business Identifier (UBI) 604227689
Business Name

MAIN STREET RENEWAL LLC

Physical Address 8300 N Mopac Expy
Suite 200
Austin
TX 78759-8392
Mailing Address 8300 N Mopac Expy
Suite 200
Austin
TX 78759-8392
Registered Agent Name CAPITOL CORPORATE SERVICES, INC.
Registered Agent Address 1780 Barnes Blvd Sw
Tumwater
WA 98512
Category Limited Liability Regular (LLC)
Business Type PROFIT
Business Type Description FOREIGN LIMITED LIABILITY COMPANY
Incorporation State DELAWARE
Incorporation Date 2018-02-14
Expiration Date 2020-02-29
Duration PERPETUAL
Record Status Active

Governing Persons

Name Role Address
Spencer Lindahl

Corporation Documents

Document Type Completed Date
ANNUAL REPORT 2019-01-16
ARDUEDATE 2019-01-01
FOREIGN REGISTRATION STATEMENT 2018-02-14

Businesses with the same name

Corporation Name Office Address Agent Incorporation
Main Street Renewal LLC 1780 Barnes Blvd Sw, Tumwater, WA 98512 Capitol Corporate Services, Inc. 2014-01-17

Known Addresses for Main Street Renewal LLC

444 Madison Ave New York, NY 10022
8300 N Mopac Expy Austin, TX 78759
5001 Plaza on the Lk Austin, TX 78746
7801 N Capital of Texas Hwy Austin, TX 78731
545 W Chandler Blvd Chandler, AZ 85225
545 E Chandler Blvd Phoenix, AZ 85048

THERE YOU GO, A BIG TREE OF SHELL COMPANIES TO CONFUSE THE PUBLIC BUT AMHERST SEEMS TO BE THE MAIN OFFSHOOT. WHO’S AMHERST?

Amherst Holdings, LLC, a holding company for businesses focused on the mortgage sector, today announced the completion of a $225 million investment from a group of private investors. Amherst intends to use the capital to enhance its strong capital and liquidity positions, bolster its loan-level analytic tools, and expand the sales and trading activities of its established broker-dealer subsidiary, Amherst Securities Group, LP (“Amherst Securities”), in the residential mortgage-backed securities (RMBS) and related markets. Amherst has raised a combination of common equity and senior participating debt from a group of investors led by Stone Point Capital, a global private equity firm based in Greenwich, CT that invests exclusively in the financial services industry. The other investors are leading institutional investors that in aggregate manage more than $80 billion of dedicated alternative investment capital.

“I am very excited to announce this partnership with an outstanding group of investors,” said Sean Dobson, Chairman and Chief Executive Officer of Amherst Holdings. “Through their sponsorship, Stone Point and our new partner group have enabled the Amherst companies to expand services at a time when research, risk management and RMBS experience are in tremendous demand. The additional capital will be used primarily to provide additional liquidity and market-making services for our clients and hire new sales and trading professionals to enhance our capabilities.”

Charles A. Davis, Chief Executive Officer of Stone Point said: “We are delighted to be teaming up with Sean Dobson and his partners at Amherst during a time of unprecedented volatility in the mortgage sector. The Amherst team has a deep knowledge of the mortgage securities market that has served its clients well. Amherst has operated until now as a highly profitable partnership owned and operated by its employees, and it will now have the additional growth capital necessary to take advantage of the emerging opportunities in this market.”

Stone Point Capital led the transaction on behalf of Trident IV, L.P.

The capital infusion is intended to be deployed through the company’s two principal operating subsidiaries, Amherst Securities, a specialist market-maker in U.S. RMBS, and Amherst Derivatives Trading LLC, a consultancy and derivatives trading platform. The Amherst companies represent a comprehensive risk management, research and investment platform for participants in the U.S. single-family mortgage markets.

About Amherst Holdings

Amherst Holdings is the holding company for several companies dedicated to assisting institutional investors in the US residential mortgage markets. The firm’s principal subsidiary, Amherst Securities Group, L.P., is a specialist broker-dealer with more than 15 years experience analyzing and trading residential mortgage-backed securities. Amherst’s experienced professional staff utilizes proprietary analytical tools to provide actionable intelligence to institutional clients that are seeking to understand and profit from the complexities and risks of the mortgage securities market. More information about Amherst can be found on www.amherst.com.

Sean Dobson

Chief Executive Officer and Chairman of Amherst

Mr. Dobson is Chairman and Chief Executive Officer of Amherst Holdings, LLC, a research and analytics driven financial services holding company that sponsors and develops a broad array of companies assisting institutional investors with their US real estate related exposures.

With more than 25 years of experience analyzing, pricing, originating, servicing and managing a broad range of real estate related risks, Mr. Dobson is widely recognized as one of the leading strategists in the industry and an expert in all facets of the mortgage markets and their related derivatives.

For over 20 years, the Amherst companies have provided institutional investors with a suite of financial services related to the U.S. mortgage markets and securitized products. In the period leading up to the Global Financial Crises, Amherst research uncovered the mispricing and attendant risk developing in the US residential real estate market. In late 2005, Amherst Holdings suspended conduit operations, and formulated directionally short investment strategies for a global client base. These extensive data resources and proprietary analytical tools have been a key driver for positioning Amherst Holdings as market leaders in the areas of behavioral economics and real estate lending risk analysis.

Under Mr. Dobson’s leadership, Amherst Holdings’ advice and performance during the financial crisis earned Amherst Holdings merit and recognition as a valued advisor to many federal agencies and policy makers endeavoring to construct a more stable set of housing policies and programs.

Amherst’s Dobson: Bank stakes in bonds not enough (June 2019)

Requiring banks to have a stake, or “skin-in-the-game,” in asset-backed securities is a key theme of U.S. President Barack Obama’s plan to overhaul financial regulations. It goes to the heart of securitization, or the packaging and selling of loans as bonds, which critics say pushed too much risk onto investors and eroded lending standards to irresponsible levels.

Dobson, speaking at the Reuters Investment Outlook Summit in New York, said underwriting banks have taken interests in many asset-backed securities, but that failed to stop loose underwriting standards that led to the worst financial crisis since the 1930s.

Dobson is leading Austin, Texas-based Amherst’s brisk expansion into the turbulent mortgage securities market, as larger brokerages and banks suffer under the weight of bad investments.

Now you know. Are you happy that Trumps’ US Cabinet is filled with Property Investors, Bankers and Lawyers who foreclosed on over 10 million homeowners since 2008 and has left the property market in dire straits for a second time?

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