![]() ![]() Pam and Sam want to buy their dream home that they cant afford.įreedom from Loans becomes a partner in the purchase of the house. ![]() į) If and when Freedom from Loans becomes a public company in an IPO, Pam and Sam will be granted the option to purchase a number of shares at the IPO price, if they choose to become a part of the company and share in its success. Freedom From Loans gives multiple options to Pam and SamĪ) They have the option to live in their home as long as they want, by making monthly lease payments to the LLC.ī) They have the option to move elsewhere and still remain an investor in the LLCĬ) They have the option to sell their property in conjunction with Freedom From Loansĭ) They have the option to pass on their membership share to their heirs.Į) The LLC is also designed to cover missed payments, with minor adjustments in the membership ownership percentages, typically less than 0.5 %. Lets assume the house has a market value of 1 Million dollars and the mortgage and liens on the property are 750,000 dollarsĪ LLC will be created and jointly owned by Pam, Sam and Freedom from Loans.įreedom From Loans pays off the 750000, Pam and Sam get to keep their home Debt Free. The percentage of ownership is in direct relationship to the market value of the property. Pam and Sam are behind on their Mortgage payments.įreedom from Loans pays off their mortgage in return for a share of ownership of the property. ![]()
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