Anyone hear of Equity Sharing for purchasing a home??
480874
Only in your previous question asking for someone to invest $250k in the "upscale Bergen County Community".  I'm all ears!  What is Equity Sharing for purchasing a home?  Do you know?
900138
No not form some time.\nAs a seller you need to figures out what you can sell for and God help you if you just got the house in the last three years or have a equity line of credit, you will be up side down.\n\nIf you have some equity do be greedy the longer you wait the less you will make. \n \nThe reason for this is that the bubble is breaking checl out this web site and see why has happen and why you may get screwed.\n\nBest of luck.\nhttp://www.breakingbubble.com/index.htm
990834
It's called a bridge loan.  Most lenders can help you.  The risk is obvious if your current house doesn't sell in a timely manner at a price close to what you expect
419203
We qualify people all the time with the old home "retained as a rental."  You can use market rent for your area to offset the mortgage on the existing home to keep your ratios down.  You are running the risk that you will end up responsible for two mortgage payments if you can't sell your current home quickly enough.  In my area, that's not a problem because the market is hot (that's why no seller will accept a buyer's offer if it's contingent on selling the current residence... there are so many buyers out there that they don't have to.)
1056785
if you can find a home in your price range that will appreciate in value, i think putting $$$ towards equity rather than just rent is a good idea - but make sure it's a home that will grow in value - and don't do an interest only mortgage unless you're disciplined enough to pay more than what's due each month
821036
I own my flat through a shared ownership scheme.  I work for the ambulance service and I got my scheme as a key worker, so I can't give advice necessarily on how to get onto a different type of scheme, but am happy to let you know my experiences.\n\nI live in greater London and couldn't afford much more than 60k mortgage, but the shared ownership scheme offered to match mine to buy the property 50/50.  The way that it worked with mine, is that they effectively bought the flat then I bought 50% of it off them (it was actually much simpler than this sounds!!)\n\nSo, I now own half a flat.  I put down a deposit on my half and when I sell that capital is returned to me.  I have a mortgage on the remainder of my half, and obviously whatever I have paid off by the time I sell is mine in the same way as any other mortgage.  However, when I do sell, half of any profit made from any increase in value goes to the housing authority and half to me.\n\nI pay the housing authority rent on their half of the property.  Although this is annoying, the rent is relativly low and in total I pay less in mortgage repayments and rent to the housing authority than I used to when I was just renting and at least now the bulk of it is going to pay off my mortgage on property I own.\n\nWhen I want to sell the flat, I first have to notify the housing authority and they have first dibs.  Basically they offer my half of the flat to people on their shared ownership lists.  If after a couple of months they don't get anyone to agree to buy my half, I then put it on the open market and it is split 50/50 again.\n\nIf I sell my flat on the open market I will be liable for all fees just as if I was a sole owner, but if they sell it through their scheme there are some fees that they pay.\n\nAll in all, I think it is a really good scheme.  As I say, although I pay rent on some of it, I pay less than I did just renting and I am already paying off my mortgage and I am on the property ladder.  This is something that I wiuld not be able to do for many years on my own and I would still be throwing away hundreds of pounds of rent each month just to pay off someone else's mortgage.\n\nWith the amount of money that you seem to be able to raise, you would prob be able to go for owning a bigger portion of a property which would obviously benefit you and you would not have to pay as much rent as you will own more yourself.  At any time that I am livnig in my property I can have the place re-valued and then buy more of the property from the houseing association at the present value.\n\nI hope that this helps a bit.\n\n(sorry for any poor spelling but its not my strong point and spell checker not working!!!)
1030774
I would say that is a resounding 'YES'.  Even if you sale your home soon you can still make a profit considered your home is worth $550K, current outstanding loans total $199K and closing cost of the new loan is $7K which leaves about $344K in equity.\n\nPersonally if I were you, I would refinance a new loan for at least $221K to get at least $15K of equity to deposit in the bank.
156829
It depends on the equity later on down the road. Does the \n\nproperty hold value? Is this the only place you have \n\nlooked? It is your investment which you would need to think \n\nabout- it not just a yes or no answer.
790468
Actually, there are laws pertaining to this. I have no idea what it's called but look for "property rights" maybe "access" "new property lines"  in Google. It has something to do with after many years, the rights can be "grandfathered" or something like that. You should see a real estate attorney.
1023231
If the home equity loan is on the home you are selling, you will be required to pay it off when the home is sold. A home equity loan or line of credit is treated like a second mortgage. You might consult with your lender (with whom you have the home equity loan). If you will be purchasing another home, you might be able to switch the home equity loan to your new home, depending on how much money you are putting down, as well as a number of other factors as determined by the policies of your lender for the home equity line of credit. I had a client do exactly what I have described above. But if you are not purchasing another home, you will have to pay it off at the time of sale, because you no longer have the "equity" (in your home) which was the collateral for the loan when you got it.\n\nA home equity loan is granted when you have invested money in your home. You could have paid a large down payment, or you could have had the loan for a long time so you have already paid off a good part of it. The amount which a lender will lend to you in the form of a home equity loan depends on the value of your home compared to the amount you owe on your mortgage. The difference is the equity you have in your home. Thus another way to acquire equity in a home is if home prices have risen a lot since you purchased your home. There is usually an appraisal to acquire a home equity loan to determine the value of the home.
950836
You may want to google property management companies. This maybe the most expensive route. http://www.rentlist.com. You may also want to find a local property manager and see what they charge. \n\nOn a second note, you can cashout up to 100% of your equity in your town home should the need arise. As well as lower your payment to cashflow on the property if your not doing so already. \nFeel free to email me for more information. \n\nKindest Regards,\n\nAnthony
622549
You can purchase a mobile home from a company like Palm Harbor Homes and they will get you financed for a land home package with no money down.  I am buying one and yes your family will have plenty of room.  You can get a three bedroom for about 60000, and I dont know how much land you want  or where you live but you can do it.  My problem is getting financed for land by itself they always want 25% down any suggestions?
206041
I don't think such a financial vehicle exists.  If she only owns half the house, somehow she has to "pay" for the half she doesn't own.  She could pay that in the form of rent to you or someone else, or in the form of a mortgage.  If she could get a reverse mortgage, she would pay for it in the form of losing equity in the house.  But in someway she has to "pay" for it.  \n\nIf she is not willing pay any money at all, the best thing is to sell the house, and she can move into a smaller house.  She can't afford the current house.  If she won't sell, you shouldn't move out.
169209
try the BBB \n\nhere is the bbb report for the company you are looking at.\n\nhttp://www.chicago.bbb.org/commonreport.html?bid=51002056\n\nI looked at the site and thought about how they would make money. They must get you with the fees for borrowing the money. Its worth it if you have no money and no other way to do it I suppose. But if you dig down deep and look at the numbers, my guess is it would make just as much sense as maxing out a credit card or getting a home-equity loan on your first house. Unless....\n\nMaybe they offer advice for the novice fixxer upper which may be worth it if they really do provide you with help. You would have to check I have no idea if they do or not.
500140
I have no idea.  You'll likely call different corporations and offer your home.  I have never heard of such a thing as this.  \n\nIs your home special? \n\nI have seen ads in newspapers for renting out houses during huge events like when the Olympics come to town.
784350
not enough info....two loans? 1st and 2nd?  home equity etc. unless there is equity in the home that you can access, the only option is a personal loan  unless you sell the house and have it deeded in both names...a reverse mort might be an option, however, that is usually only avail to seniors.....you could do a promissory note and use purchase money mort as a way to have the one party buy even amounts...ask a real estate atty
1155603
The advantage is in knowing that you have equity in your home already....Don't let the seller know what it got appriased at - ok - - -Now - if you needed help with the closing cost, that is another matter, the seller could help with closing cost, and you would make a offer to the seller to adjust the purchase price....I do not recommend this - but it has been done in the past, expecially if you already have your financing approved.  The advantages is down the road, if you wanted to do a line of credit - you have the equity of 11,000 to use - for newer carpet - etc....  I would just let it build since home markets are on the rise in different areas, and on the decline in others.  Good Luck.