Company buying homes of distressed mortgage holders not flipping them for a quick profit, says management

The management of a company established to buy the homes of distressed mortgage holders and rent them back to their former owners insists that it has no intention of flipping properties to make a quick profit.

Arizun says that its new Stay In Your Home service, launched today, will instead offer a 'long-term solution' for those in mortgage arrears who do not qualify for government supports.