New Hampshire  |  Real Estate Law

Legal Question

Asked on: 6/03/09, 8:24 am

Real estate - adult community

My parents are looking to purchase a apartment in a retirement community in New Hampshire. The community is being built now and they plan on moving in within six months. The are paying for the property in full and the arrangements are as follows, they are paying $200,000 for the property and when they die, they get 90% of the value back from the complex owners. The question I have is - how can they protect themselves from the complex owner going backrupt? Other thoughts, surety bonds, finance the property, reverse mortgage?? Your comments and guidance would be helpful.

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