Equity Share Purchase With Family In Hennepin

State:
Multi-State
County:
Hennepin
Control #:
US-00036DR
Format:
Word; 
Rich Text
Instant download

Description

In equity sharing both parties benefit from the relationship. Equity sharing, also known as housing equity partnership (HEP), gives a person the opportunity to purchase a home even if he cannot afford a mortgage on the whole of the current value. Often the remaining share is held by the house builder, property owner or a housing association. Both parties receive tax benefits. Another advantage is the return on investment for the investor, while for the occupier a home becomes readily available even when funds are insufficient.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Mayo Clinic in Minnesota is the No. 1 hospital in Minnesota and top-ranked in 13 specialties.

Hennepin Healthcare Foundation was established in 2009, as a tax exempt, nonprofit organization governed by a Board of Directors. We are listed on GuideStar. Our Tax ID# is 41-0845733.

Hennepin Healthcare includes Emergency Medical Services, which operates a large fleet of ambulances serving 14 cities in Hennepin County. The system is operated by Hennepin Healthcare System, Inc., a subsidiary corporation of Hennepin County.

Hennepin Healthcare is an integrated system of care that includes HCMC, a nationally recognized Level I Adult Trauma Center and Level I Pediatric Trauma Center and acute care hospital, as well as a clinic system with primary care clinics located in Minneapolis and across Hennepin County.

In 2018, HCMC became Hennepin Healthcare.

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Equity Share Purchase With Family In Hennepin