Explanation

In contrast to mortgage loan modification, the sale of home equity appreciation rights (also known as a Home Equity Agreement) is not a debt-based transaction and does not require an existing lender to consent to anything.  If you want to sell some of the equity appreciation rights in your home, a baseline value is established, usually by way of an independent appraisal. The investor in the Home Equity Agreement agrees to pay a specified sum to gain a portion of the current value of the home together with a share of the potential future appreciation (of depreciation) of your home. The transaction is tax deferred (which means the tax due is not crystallized until you sell your home or exit the agreement) And as it is an equity-based transaction there is no interest and there are no monthly payments. At the time of sale or refinance, the investor will receive their share of the current value of the home together with any appreciation or depreciation. If the value of your home goes down substantially, the investor in the Home Equity Agreement may receive back less than the amount that was originally paid to you.  A Home Equity Agreement is a way for a homeowner to unlock some of the value of the equity in their home without monthly payments, interest or additional debt and may be available to a homeowner even though they have been turned down for more traditional debt based financing. A Home Equity Agreement can be used to pay off sums due under a mortgage forbearance, as an alternative to a mortgage loan modification, or as a supplement to a loan modification proposal allowing you to gain cash that can be applied to anything including resolving other consumer debt. The description above is not tax advice, is in general terms only and may not apply to your particular situation.

CONNECTION TO A FIRM PURCHASING EQUITY APPRECIATION RIGHTS 

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