I JUST READ A ARTICLE THAT TALKS ABOUT A COMPANY THAT BUYS A % OF YOU HOME. tHEY DONT LOAN YOU THE MONEY THEY BUY 15 TO 50 % OF YOU HOME.
IF YOUR HOME VALUE GOES UP THEY MAKE MONEY IF IT GOES DOWN THEY LOSE..
The company is called REX AND CO.
Here is how they say it works this is taken from the company web site.rexandco.com. " The REX Agreement is not a loan, but a real estate investment agreement in the form of a purchase option. It gives homeowners a portion of their home’s equity in cash today—in exchange for the right of REX & Co. to share in a specified percentage of the future increase or decrease in the home’s value.
For the right to share in an agreed upon percentage of the future change in value of the home, REX & Co. pays the homeowner what is called an Option Exercise Price—equal to the current value of the home multiplied by the percentage of the future change in value granted to REX & Co. If the home increases in value, REX & Co. shares in the gain. If the home declines in value, REX & Co. shares in the loss. Simply stated, there is nothing like the REX Agreement in home finance."
it sound ok .