When we buy pools of mortgages, we typically agree to acquire everything the seller wants to sell, provided that the pricing is agreeable, We buy nationwide, from Anchorage, Alaska to San Juan, Puerto Rico and from Lancaster, California to Bridgeport, Connecticut, and hundreds of cities in between. By offering financially transformative solutions to struggling families, we can often achieve strong financial and social returns.
That said, not all of the mortgages we buy work out and we do lose money on individual assets. Some properties or situations will not end up being “salvageable”. However, as we acquire in large pools, we historically have gained on significantly more than we have lost. This is how we have remained successful despite the occasional loss.