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In 2005, entrepreneur Dallas Tanner and several others formed the housing and apartment investment company Treehouse Group in Arizona. [5] Between 2010 and 2011, it bought 1,000 distressed houses in Phoenix, Arizona, a city heavily impacted by foreclosures caused by the subprime mortgage crisis [2] and one of the first areas where private equity investor purchases of homes for rent took place ...
After the slowdown in housing sales due to the United States sub-prime mortgage crisis, [12] the firm marketed its services to financially distressed home owners who were facing foreclosures and looking for a quick sale. [13] Holding company Franchise Brands LLC acquired majority interest of the firm on June 11, 2008. [14] 2017
Michael Jordan's former mansion is now available to rent — for $230K Michael Jordan's former mansion is now available to rent on a short-term lease, with a month-long stay at $230,000. NBC ...
Equity stripping or equity skimming is a variation on lease-buyback and is one of the most common types of foreclosure rescue schemes. [4] In it, the perpetrator assumes ownership of the house while allowing the former owner to continue living there, provided that s/he pay rent to the perpetrator, who is the new owner.
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A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
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