Foreclosure Derrivatives - FYI

[nirvinerealtor_IHB]

<p>I got this headline from Mortage Daily News,</p>

<p><em>A Corona, Calif-based company has come up with a solution to rising foreclosures. Under its concept, delinquent and struggling borrowers would get financial help from investors who receive, in return, all or a portion of any property appreciation.</em></p>

<p>Does anyone have the full article? Thanks.</p>

 

[awgee_IHB]

<p>Great idea. Have they found any investors who wish to invest in So Cal real estate right now?</p>

 

[marty mcfly_IHB]

That's not really a new concept...it's called a sale-leaseback, except here it appears that there is no transfer of title.