Another Way for Homeowners to Achieve Financial Freedom: Real Estate Equity Sharing
I came across ClearStep via my friend Josh Maher:
Received a letter in the mail about ClearStep – offering to buy 10% equity in my home – interesting model http://t.co/MN86FARiCP
— Josh Maher (@JoshMaher) June 5, 2015
…tailored to the needs of homeowners who are looking to reduce their outstanding debt and improve their credit score. It’s not a loan. It is a real estate equity sharing agreement that enables you to convert a portion of your home equity into immediate cash with no debt, no interest, and no monthly payments – ever.
I know the audience here is not “homeowners” in the traditional sense, but most agents/brokers own a home and of course speak to homeowners all day, everyday – so I ask:
Do you know anyone that has done this? Would you consider doing it yourself, or recommending a client do it in the future?
Mike Price
Posted at 16:24h, 05 JuneInteresting model indeed. I’ll look into a bit deeper.
Rob Thompson
Posted at 07:15h, 07 JuneI wonder if it’s a second and/or what protection they have in a short sale, etc?
eliana marya
Posted at 20:34h, 14 JuneThe another way of achieve the “Financial Freedom” for Home-owners is depending upon the our dealing with the sellers. We are showing so many things to our sellers to try to minimize the risk of being off the market.
Because when the new offer turns upside down and the buyers want or need out, we don’t like to be the bearers of the bad news. We like to be able to give positive solutions!