Word: mortgagee
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But no, this isn't that story. This is the story of friends--just friends--who buy houses together because they are young and don't have a lot of money but smell opportunity in a soft real estate market and want to start building equity ASAP, even if it...
Families, though, are built for mingled finances. Friendships, we're told, are not. "My parents were very nervous," says Tanja Gabrovsek, 35, a nurse who bought a three-bedroom row house in San Francisco with her friend and colleague Simin Marefat, 34. Signing a mortgage means you're on the...
Back in Baltimore, Katz and Kovack don't have a written agreement, but they do have a long history. When they moved to Baltimore, they even started out working for the same homebuilder. "You have to do this with a person you trust," says Katz. That was crucial when Katz...
And that's not nearly as bad as it could be. Taking title to a house with another person means his or her assets are tangled up with yours. If your fellow co-ho can't keep up with the mortgage or runs into other financial trouble and creditors or...
5 | New York Bailouts: Bad For Business Rather than reassuring stock markets, a government offer to assist U.S. mortgage lenders Freddie Mac and Fannie Mae has spooked investors, who fear that a big government loan or purchase of corporate debt could devalue their own shares. Stock prices for both companies...