Latest Posts
Home > Ask The Get Out of Debt Experts > Can Whitestone Capital Trust Save My Home?

Can Whitestone Capital Trust Save My Home?

“Dear Steve,

I was contacted with proposition from Whitestone Capitals trust llc, to reduce my mortgage to fair price value i.e. the present valued price of my property now, because my property is less that my present mortgage.

White stone capitals claims that they did a loan forensic search and find where my Mortgage holder is inconsistent with regulations, which makes it possible for them to negotiate a settlement pennies on the dollar and reduce my mortgage to the present market price of my property.

I followed their advised and do a quick deed transferred of my title to Whitestone Capitals trust llc. They charged my Four thousand dollars up front and I should pay them 944.44 monthly and they would reduced my loan from 260,000 to 140.000 .

The monthly charge of 944.44 would go toward the 260.000 dollars. Somehow am led to believe they are scamming me and would like them check for their legitimacy. Until now nothing is being done to my loan and they have my paper work for my proper ty quick deed .I have to make other arrangement with my loan agency.”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Can Whitestone Capital Trust Save My Home?

Whitestone Capital Trust appears to be yet another in a continuation of likeminded attempts similar to the Fidelity Land Trust efforts in Florida that have proven unfruitful, click here.

According to State of Florida records, Whitestone Capital Trust was formed on June 19, 2012 and the owners are not identified past Whitestone Capital Trust Partners. Nick Torgerson signed on behalf of the partners. – Source

However the registered agent for the company is Peter Bowers who was previously involved with Fidelity Land Trust. Read this article for the reference.

I’d like to see the agreement you signed with this company to better understand the services they promised you. You can upload it to me via this form.

However I did a search in Palm Beach County Florida for properties that are held in the name of Whitestone Capital Trust and there are two. A search of court records in the same county could not find any suits filed against mortgage companies.

The first property was signed over in June, 2012 and the second was in September, 2012. – Source, Source

But this article in the Palm Beach Post might be relevant to your situation. Read Florida attorney general files suit against land trusts, calling business unfair and deceptive.

I would urge you to meet with a real estate attorney that is licensed in your state to better understand exactly what your specific situation is and how to get your title back. Because as it stands now, you are on the hook for the mortgage but you’ve signed over your house to Whitestone Capital Trust.

And if your monthly payments are not going to your mortgage company to pay your required mortgage payment then you are falling further and further behind.

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

Can Whitestone Capital Trust Save My Home?
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

Can Whitestone Capital Trust Save My Home? by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • DENNISDARSNEY

    I NEED ALON FOR LEAGL CASE THAT I WILL TAKEING GO BACK TO ITALY SOON THE ITALIANA GOVERNMENT WILL BE FLYING HOME TO UDINE.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.