I think its an idea the Fed Bailout TARP has already endorsed.... by giving $$ to nopnprofits with which to buy REO, or select properties via short sale and then lease back to the former owners.
However... you should not have the "lease-back" provision included in the Contract of Sale. It should be a stand alone agreement.
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I think its an idea the Fed Bailout TARP has already endorsed.... by giving $$ to nopnprofits with which to buy REO, or select properties via short sale and then lease back to the former owners.
However... you should not have the "lease-back" provision included in the Contract of Sale. It should be a stand alone agreement.
I would stay away. Way too cloudy.