Partnership with Residential Mortgage Servicing
Vineyard Capital Partners, LLC is pleased to announce a partnership with an experienced management team that specializes in residential mortgage servicing. The partnership will acquire a large portfolio of delinquent mortgages or foreclosed properties and then work with each property to find reasonable solutions. In some cases the mortgage and payment amounts may be reduced to encourage the owners to cure the delinquencies. And in some cases, the properties may be converted to rental units or renovated for resale.
Andrew Butler, portfolio manager at Vineyard, commented “We’re extremely excited about this partnership – both the significant potential in the residential market and also in partnering with such an experienced and respected management team.”
Vineyard plans to expand this relationship and investment in the partnership in the months and years ahead.‹ Back to News