Alternative mortgages providing a back door to homeownership

Consumers with bad credit ratings are increasingly taking advantage of alternative mortgage products that allow them to buy a home without a huge down payment, often through lease-to-own contracts. But borrowers still need a steady income to qualify for these products, the Wall Street Journal reported. One example is a company called Divvy Homes, which

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Divvy Homes lands $30M in venture capital funding

Real estate startup Divvy Homes, which wants to revolutionize rent-to-own and fractional ownership, just raised $30 million from venture capitalist firm Andreessen Horowitz. San Francisco-based Divvy, which only launched earlier this year with $7 million in funding, calls itself a “fractional homeownership company.” In many ways the company seems similar to traditional rent-to-own operators, some

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