| from $300 to 5K is what I've read; within a day or two of signing. Signer never HAS to list or sell...just, if they do for a really long time, they must 1st list it with this r.e. co., who, like any other r.e. co. must present an acceptable offer. The r.e. co is NOT locking in a price when this is signed...just a future listing FOR 40 YEARS. I really think it's an interesting concept, but 40 years is a long time and much can happen. What if co. goes out of business--who's around to release lien (yes, they do record agreement). Signers have to make sure their heirs are aware of this 'agreement' as the heirs would have to honor it also. What happens if the house goes into foreclosure? Would a lender have to honor agreement? And, if they didn't? Lot of questions. |
