Litigation

Bentzen Funding Solutions... Connecticut Woman STILL HAS NOT BEEN PAID As Promised?

By John Darer

Structured Settlements 4Real is rallying around a Connecticut Woman's cause for Bentzen Funding Solutions and Structured Asset Funding to make good on their promises.

On April 14, 2009 we posted the story, "Bentzen Funding Solutions Not Paying for Factoring Deals On Time?

We have clarified with the woman that Structured Asset Funding is now "servicing" the Connecticut woman's structured settlement. We understand that the entire $10,000 per month only set up with American General in August 2008 is going to Structured Asset Funding which is due to pay her $150,000 (the proceeds from selling the rights to $1,600 per month for 20 years) plus $8,400 per month for the remainder of the structured settlement contract term.

(for background on servicing please read  Factoring Company Servicing of Structured Settlement Payments- Thought Leaders Butt Heads)

On April 16, 2009 Rhonda Bentzen apparently left a lengthy voice mail message with the structured settlement broker, a NSSTA member, who referred the Connecticut woman to Rhonda Bentzen. According to the woman, the broker communicated to her that Bentzen said in the voice mail the deal is done, that Bentzen was not happy about it,  that she was "losing money" and even that Rhonda Bentzen posited that she was the Connecticut woman's "savior".

This morning April 21, 2009 I received a call from the Connecticut woman and was told that neither she nor her lawyer has received any direct communication from Structured Asset Funding or Bentzen Funding Solutions in response to phone messages left April 16, 2009 and April 20, 2009, nor received the funds promised that she needs to avoid losing her home. The woman has a balloon second mortgage due May 1, 2009.

So you say "CASH NOW"?
  

181 days (5 months 30 days) since start of factoring process with Bentzen, October 23, 2008      
89 days  (3 months 2 days) since first Court hearing January 20, 2009 
55 days (1 month 27 days) since "closing"  date of February 26, 2009

Meanwhile the clock goes tick tock, tick tock...

Full post as published by Structured Settlements 4Real on April 21, 2009 (boomark / email).