Summary
They turned to a home equity investment company or home equity contract company with a somewhat novel program called home equity contract (HEC) or home equity investment (HEI). In exchange for 49% of their future property appreciation, the contractor offered an upfront lump sum of cash requiring no monthly payments and no accruing interest.
Source: San Gabriel Valley Tribune
Exclusive AI-Powered News Insights (For Members only)
Disclaimer:This content is AI-generated from various trusted sources and is intended for informational purposes only. While we strive for accuracy, we encourage you to verify details independently. Use the contact button to share feedback on any inaccuracies—your input helps us improve!
