Feb
09
Disadvantages Of A Sale Leaseback For The Investor?
ByMy friend was approached with a Sale Leaseback opportunity. She is promised a certain amount of money over time. She will act as the investor in the situation.
Does anyone know if this is a scam or risk to the investor?
The agent set up the buy of the house on a foreclosure. She takes out the loan, at the end of the lease, the agent gives her money made off of the people who signed the house over to her to avoid foreclosure.
1 Comments
February 9th, 2010 at 2:59 pm
It sounds like the Agent has transferred all the possible risk to your friend.
What does she really have to gain and lose?
Personally, I would run for the hills .