| 摘要 |
The present invention relates generally to a method of releasing equity in real property and relate particularly to a methodology for releasing equity and residential property for aged home owners. The method involves the general steps of: 5 1) a vendor of the property entering into a contract of sale with the purchaser who acquires an entitlement to a specified share of the proceeds from a future sales of the property; 2) the purchaser paying the vendor a deposit representing a percentage of the purchasers share of the expected future sale proceeds whereby the vendor 10 releases equity in the property; and 3) completion of the contract sale by the vendor voluntarily, or their estate after their death, selling the property and the purchaser receiving the specified share of the sale proceeds and, where sale is effected prior to an anticipated date of completion, payment of an early proceeds rebate to the vendor. |
