While that doesn't explain the stupidity of the company as a whole, it does explain why this happened.Each department (the loan mod dept and the acquisition dept) likely has their own goals and financial targets and it's unlikely the departments communicate or coordinate with one another.

They achieve that buy paying less than the outstanding loan balance.

More often than not, a street level investor stands a better chance of achieving more desirable discounts one asset at a time than the folks purchasing pools of assets.

The price to rent ratio really favors investors in my market so $250/door cash flow is fairly easy to achieve if you know where/how to invest. 

Someone removed the water meter and there is no shutoff on the supply pipe--when I walked in, there was water gushing out and 4 inches of water in the whole house!

A new Whole Foods was recently announced in a neighborhood surrounded by blighted and vacant properties.

Recently, a Whole Foods was announced in a low income area - very interesting!

Do you know how I could get whole of one?

The whole idea of predatory lending or "taking advantage" of people is just silly in a free market.When two able bodied people enter into an agreement on their own free will, that should be the end of it.

This whole area is definitely the big city vs. the other locations.