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Archive for the ‘Lease back’ Category

>Sell The Albatross And Lease It Back

>Strapped Homeowners Discover
Safety Hatch in Sale-Leasebacks
Parents Bail Out
Kids, Sometimes;
Beware of Tax Man
July 16, 2008

Homeowners buckling under heavy mortgage debt are resorting to a different kind of relief measure: selling their home and then renting it back from the new owner.

Such sale-leasebacks have been around for decades, but real-estate agents are seeing a small but rising number of people making this move. Often, homeowners cut a deal with family members or bargain-hunting investors to let them stay put after selling their property.
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