Option One Sold for $300 Million

Many people who have bought a home in the past few years have a mortgage with Option One – a subprime lender owned by H&R Block. H&R Block has decided to refocus entirely on it’s tax business and get away from the ever-fluctuating mortgage business. So, they are selling Option One to a private company for $300 Million.

Read more here.

If you have a mortgage with Option One – don’t worry… nothing will change. Well, maybe a mailing address will – so make sure you read your statements. But your terms cannot change just because the company changes ownership. However, it is always good to keep an eye on your account during this transfer – just for your own piece of mind. Make sure all your payments get posted correctly and on time.

Posted By: Mariana WagnerColorado Springs Real EstateMonument Real Estate


About Mariana

I am a Mom, Wife, Real Estate Agent Trainer and Mortgage Lender. Find me at http://www.marianawagner.com
This entry was posted in Buyer Info., Colorado Springs Info., Colorado Springs Real Estate, Monument Real Estate, Mortgage Info., Real Estate Consumer Info., Real Estate- General. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s