Friday, September 12, 2008

Final Press Release 1

FOR IMMEDIATE RELEASE
September 5th, 2008
ABC Real Estate LLC
President
Preston Parker
123 Creative Way, Logan UT 84341
801-555-4567

COMPANY TO START UNIQUE LAND TRUSTS

LOGAN, UT - ABC Real Estate LLC is looking for people to invest in a system created by Bill Gatten known as a Beneficiary Directed Equity-Holding Landtrust, or BDEH Land Trust. Preston Parker, president of ABC Real Estate has started up this company to help save people money and boost the economy out of the slump it is in. In order fo the BDEH Land Trust to work, people need to help invest in a resident’s home while another beneficiary uses his credit score to help get the mortgage down on the house. The resident uses the credit score of the credit benificiary to save money and with the help of the investor (who puts money down on the home) to make the payments on their home. Whatever money is left over on the house payment goes to the beneficiaries.
Although this is going to help home owners keep their house and get their payment down, a credit score around 680 is needed, along with a down payment of about twenty percent from the investor on the home. The resident is required to sign an agreement to the beneficiaries that if the payment isn’t made within ten days of its due date, the lose their home to the beneficiaries. This will help many people who have a low credit score, can’t make a down payment on their home and also whose debt to income rating is too high.

Kramer Young
Public Relations Director
261 Preston Avenue, Logan UT 84321
555-555-5555

1 comment:

Anonymous said...

equity release scheme is known as 'Home Reversion'. Essentially this is a way of selling your property at a discounted price for the lifetime right to live virtually rent free. The term 'Reversion' may appertain to the fact that the property ultimately reverts to the investor that provided funds to the home owner. The benefit of this scheme is that more money can often be released through a reversion plan than a Lifetime mortgage, particularly for older home owners.