KANSAS CITY – H&R Block, the nation’s largest tax preparer, announed Friday it has finally found a buyer for its troubled subprime mortgage unit, Option One Mortgage Corp. for what is being described as a fire-sale price. The sale to a private investment group organized by Cerberus Capital Management LP in New York is expected to be completed by Oct. 31. Block said costs and reductions in assets associated with the sale, and a related decision to shut down its separate H&R Block Mortgage Corp. operations, would wipe out the company’s tax preparation and other financial services profits for the fiscal year ending April 30 and produce a loss.
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