Updated over 16 years ago on . Most recent reply
France annuity
Has anyone tried buying property in France using their annuity buying contract?. You contract to buy with a down payment then pay an annuity to the seller for the sellers life, the seller stay in the property like a life estate. when the seller dies ,the property is then yours, Your gambling on the life of the seller. Some what like a reverse morgage used here to suppliment income for the seller. You only hope the seller doesnt out live you!