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The Promise and Perils of Shared Equity Financing

By Ernira Mehmetaj and David Reiss

It is the rare homeowner, or even lawyer, who thinks twice about why mortgages are part of so many real estate transactions. Real estate is expensive, and few have the money to pay cash for a home. As a result, people enter into transactions with mortgage lenders and are exposed to all of the risks that come along with mortgage financing: default, late fees, and foreclosure.

A new development, shared equity financing, will make us all think twice about mortgages.

A new development, shared equity financing, will make us all think twice about mortgages.

(Getty Images)

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