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by AnimalMuppet 2454 days ago
Interesting idea. You're attacking a genuine problem, and kudos for doing so.

But just this week, Thomas Cook went bankrupt, and left a bunch of people stranded. My question is, if I send you $25k, and you go bankrupt, where am I? Where is the home buyer?

You need a clean exit mechanism that doesn't leave everybody trapped in some nightmare if you go under.

1 comments

Thank you! And if you work with us as an investor, you retain ownership of the title of the house, and your owning entity is on contracts with the buyer (recorded with the relevant county). If Hurry Home was to no longer exist, your ownership in the asset would remain, as would your relationship with the buyer. As part of our exit mechanism in this situation, we would set you up with a property management company who would earn the fee we typically would, and they would handle collection