Posted by Clem/CA on 9/13/13 4:13pm
Msg #484576

Hmmmm...?

http://www.mainstreet.com/article/real-estate/what-if-investors-could-help-you-buy-your-house-0

Reply by Luckydog on 9/13/13 4:47pm
Msg #484582

Sounds similar to some practices in the Virgin Islands, where 2-3 families co-buy homes. Sounds very confusing and a mess to me.

Reply by Bear900/CA on 9/13/13 5:07pm
Msg #484587

You would probably never see a foreclosure unless

the property goes upside down and everyone takes a loss and the occupant has to move. Wait, isn't that what we have now?

I'm in favor of deleveraging. Program has its ups and downs. Sounds similar to a REIT with one of the investors living in the home.