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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Doable deals are out there... Posted by Ward-CA- on December 03, 2003 at 6:45 PM In Reply to: California preforeclosure purchases posted by Jack on December 03, 2003 at 1:38 PM : Have read section 1695 re home equity purchase contracts. Is there any way to legally complete such a purchase under these requirements. I have heard that there is no bonding available. ================= Yes Jack, people are doing equity buyouts every day. They buy for their own account, not someone else's and they split the net equity on a 50/50 basis to avoid the unconscionability proscription. You don't need any bond if you adhere to the above modus operandi. Hope this helps. Follow Ups: Re: Doable deals are out there... John 8:06 PM, 01/06/05 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Have read section 1695 re home equity purchase contracts. Is there any way to legally complete such a purchase under these requirements. I have heard that there is no bonding available. : ================= : Yes Jack, people are doing equity buyouts every day. They buy for their own account, not someone else's and they split the net equity on a 50/50 basis to avoid the unconscionability proscription. : You don't need any bond if you adhere to the above modus operandi. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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