Foreclosure Derrivatives - FYI

[nirvinerealtor_IHB]

I got this headline from Mortage Daily News,

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.

Does anyone have the full article? Thanks.

 

[awgee_IHB]

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

 

[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.