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Real Estate & Property Law

: Housing Wire

UK to Regulate ?Sale and Rent Back? Schemes

By JACOB GAFFNEY

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The UK Parliament is considering legislation to bring so-called ’sale and rent back’ agreements within the scope of the Financial Services Authority (FSA) regulation. These deals occur when a firm approaches an underwater borrower and offers to purchase the distressed asset. In return the resident gets to rent the property for an extended period, with the [...]

Full post as published by Housing Wire on June 02, 2009 (boomark / email).

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