Foreclosure Derrivatives - FYI
Posted: 11 July 2007 02:34 AM   [ Ignore ]
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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.

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Posted: 11 July 2007 05:37 AM   [ Ignore ]   [ # 1 ]
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Great idea.  Have they found any investors who wish to invest in So Cal real estate right now?

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Posted: 11 July 2007 07:02 AM   [ Ignore ]   [ # 2 ]
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That’s not really a new concept…it’s called a sale-leaseback, except here it appears that there is no transfer of title.

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