Seattle-based Regional Trustee Services announced it completed an asset purchase agreement.
Regional Trustee Services was a privately held company providing non-judicial foreclosure services to mortgage servicers, investors and outside law firms in eight West Coast states.
Under the purchase, the complete assets, including client base, open matters and employee base, are transferred from Regional Trustee Services Corporation (and its affiliate Regional Services Corporation) to RTS Pacific, a newly formed corporation based in Seattle, Washington.
“The purchase of Regional Trustee Services Corporate assets is consistent with our strategy of expanding the Butler & Hosch firm and brand into Washington State,” said Bob Hosch, owner of RTS Pacific.
“This continues our strategy of building differentiation and expanding our non-judicial foreclosure services on the West Coast; all of which works with our goal of building a coast-to-coast, best-in-class, default legal operation team with different platforms and innovative services to support out clients nationwide,” Hosch said.
Back in February, mortgage banking industry law firm Butler & Hosch, P.A. said that it would acquire Atlanta-based McCurdy & Candler, LLC Default Practice as the legal services firm looks to further cement its national presence.
In June 2013, the firm also acquired Cal-Western Reconveyance LLC, one of the largest trustee companies in the nation.