“Housing Angels,” an Arizona-based operation, appear to be onto something smart.
The program connects distressed homeowners with cash-laden investors (referred to as “Angels”), facilitating short sales to avoid foreclosure situations. But the sale is only temporary.
That’s because the “Angels” then rent the properties back to the original owners at reduced price. And when the homeowners are back on their feet financially, they have the opportunity to buy back their homes for much less than what they originally owed.
It’s a “win-win” solution that AZFamily.com illustrates in the following example:






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