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He sold the mortgage to his company, for stock. The company takes out a mortgage, secured by the house he owns, he gets stock in return. If the company fails t
by rdancer 11y ago
He sold the mortgage to his company, for stock.
The company takes out a mortgage, secured by the house he owns, he gets stock in return. If the company fails to pay, house gets foreclosed on, but he still keeps the stock.
- kspaans 11y agoCool!
- linkregister 11y agoAre you speculating or is that substantiated? "He sold his stocks" implies stocks in other companies. He can't increase his equity (50%) in his company until he buys out his brother. Am I missing something?