Oddball
Unobtanium Member
I have no idea what you're talking about.That is like saying that the Realtor you hired to buy a home is representing you instead of the seller. A thin fig leaf at best, IMO.People who own the given property create the debt instruments instead of banks
Banks need the collateral to make the mortgage, and they cannot do that without a buyer wanting to buy a home, so it is kind of a mutual suicide pact.
These transactions would become very easy, and made with boilerplate contracts that you could get at an office supply store.....Have a real estate attorney look over the agreements and you're on your way.