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Home | Headlines | Seattle Firm Completes Asset Transfer
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Seattle Firm Completes Asset Transfer

Seattle based Regional Trustee Services Corporation (RTS) announced that it has completed an asset purchase agreement effective immediately. Prior to the agreement RTS was a privately owned company that provided non-judicial foreclosure services to investors, mortgage servicers, and outside law firms in eight western states.

Seattle based Regional Trustee Services Corporation (RTS) announced that it has completed an asset purchase effective immediately. Prior to the agreement RTS was a privately owned company that provided non-judicial foreclosure services to investors, mortgage servicers, and outside law firms in eight western states.

The terms of the purchase transferred the complete assets of RTS, including its client base and employees, over to the newly formed RTS Pacific, Inc.

RTS Pacific is expected to continue the business line as its parent company Butler & Hosch expands westward.

“The purchase of Regional Trustee Services Corporate assets is consistent with our strategy of expanding the Butler & Hosch firm and brand into Washington State,” says Bob Hosch, owner of RTS Pacific, Inc.  “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 our clients nationwide.”

Management of the new entity is expected to stay separate from Butler & Hosch but the two are expected to collaborate on “back of the house” functions.

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About Author: Derek Templeton

Derek Templeton
Derek Templeton is an attorney based in Dallas, Texas. He practices in the areas of real estate, financial services, and general corporate transactional law. His experience includes time as an Attorney Adviser for the U.S. Small Business Administration and as General Counsel for a nonprofit organization in Dallas. A self-avowed "policy junkie," he has a keen interest in the effect that evolving federal policy has on the mortgage, default servicing, and greater housing industries.

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