Ask Paula: Is the bank trying to scam my parents…?
Afford Anything
00:00
Is This a Scam?
A lot of these finti companies will work with you where they purchase a portion of your house to day. They give you then cash to day your parents were told, in exchange for a percentage of that house. In most cases that i've seen, you're not forced to sell at any particular time. But this is not a scam. This is certainly innovative and new, but as long as your parents are getting a fair value for the portion of the property that they're giving up.
Transcript
Play full episode
