Equity investment in home mortgages

[aprilv at greenlining.org]

Has anyone ever heard about private investors investing in personal home mortgages??

************************************************** ***********************
April Veneracion
Greenlining Institute
785 Market Street, 3rd Floor
San Francisco, CA 94103



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[lorisalz at u.washington.]

There is a fairly recently published book about this, called "Housing
Partnerships, a New Approach to a Market at a Crossroads," by Andrew
Caplin (NYU), Sewin Chan (Rutgers), Charles Freeman (Chase Manhattan) and
Joseph Tracy (Federal Reserve Bank), which advocates a national system of
limited partnerships through which professional investors pay 40-50% of a
home's price (and, of course, get to share in the appreciation upon the
sale of the home). Because the investors also have tremendous control
over how, when and to whom the home may be used, maintained, sold, etc.,
during the course of their investment, I have some problems with the
approach, but it's probably worthwhile reading nonetheless.

On Tue, 14 Apr 1998, April Veneracion wrote:

> Has anyone ever heard about private investors investing in personal home mortgages??
>
> ************************************************** ***********************
> April Veneracion
> Greenlining Institute
> 785 Market Street, 3rd Floor
> San Francisco, CA 94103
>
>
>


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[aprilv at greenlining.org]

Thank you L. Sazarulo! I apologize for being so vague about my request for information. I just am completely unfamiliar with the area. This is the concept that I am most interest in:

There is a fairly recently published book about this, called "Housing
Partnerships, a New Approach to a Market at a Crossroads," by Andrew
Caplin (NYU), Sewin Chan (Rutgers), Charles Freeman (Chase Manhattan) and
Joseph Tracy (Federal Reserve Bank), which advocates a national system of
limited partnerships through which professional investors pay 40-50% of a
home's price (and, of course, get to share in the appreciation upon the
sale of the home). Because the investors also have tremendous control
over how, when and to whom the home may be used, maintained, sold, etc.,
during the course of their investment, I have some problems with the
approach, but it's probably worthwhile reading nonetheless.


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