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February 03, 2023, 03:35:34 am
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Dream Home Program
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Topic: Dream Home Program (Read 1343 times)
ANTHONYMD
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Posts: 18
Dream Home Program
«
on:
July 26, 2007, 10:24:22 pm »
Has anyone ever heard of the Dream Home Program? It's a program started by some investors. You give them 15% of the equity in your home and they make the payments for you and payoff the house in five years. At the end of the five years you have to refinance for the appraised value and then give them half. Please give me any insite good or bad about this please.
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petemfa
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Re: Dream Home Program
«
Reply #1 on:
July 27, 2007, 07:25:30 am »
I wouldn't go near this with a 100 foot pole.
I can think of about 30 ways YOU ended up getting screwed here.
Remember, just because someone has a agreement written on a contract and you sign it at an impressive looking office building doesn't mean you can't be taken.
This is the type of stuff that gets people in trouble.
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