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Foreclosure Forum |
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Questions on equity sharingIn Reply to: Protecting equity share interest posted by todd-wa on April 15, 2002 at 9:58 AM
: In my research, I've come across someone who took a 50% ownership interest for the price of paying off a small debt which left the house free and clear. I found an agreement which : Is there a say to set this type of deal up that would protect one's interest during the holding period. How could the title holding trust be used? What if they decided not to sell? =•=•=•=•=•=•=•=•=•=•= Todd, Sounds like you got a copy of someone’s equity share agreement. What I’d do is just a simple straight, promissory note and deed of trust, rather than sharing the equity with someone else. And most equity share folks aren’t too interested in holding times as short as 5 to 6 months. There’s more equity growth in 3 years than in 6 months. If you used the trust you’d be sharing the beneficial interest in the trust. I know that there’s a provision in the regular equity share arrangement concerning the buyout feature and what happens if someone won’t cooperate as promised, later on. But I haven’t been attracted to the underlying concept of equity share so I’m rusty in this area. Follow Ups:
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