marym
Feb 8 2008, 06:46 PM
People in trouble with their mortgage repayments can sell their house for up to 85% of the market value to a Sell and Rent Back company. They then rent their house from the company. Any ideas on the effect this might have,if any on HPC?
symo
Mar 4 2008, 07:05 AM
No because instantly houses are 15% less expensive. This feeds back into the cycle then the buy back firm drops it's valuation etc.