Posted by Randy on July 19, 2003 at 17:37:04:
It?s called Equity Participation. This was around a few years ago with TV gurus hawking it on late night TV. The concept is drawing up an agreement that is recorded on the title. It usually states something to the effect that when the property is sold for more than $X dollars the proceeds are split between parties named in the agreement. I have a copy of it in my garage in box somewhere?