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Anyone ever use or know someone that has used www.ameridream.org?

UDT89

UDT89

Diamond Member
Someone told me to check this company out......and after reading it i'm not sure about it, it seems too good to be true, so i was looking for input from people.

 
yea but i cant find it.

the only thing was that you pay a fee. but even so its still not a lot of money.....but i think the seller has to pay the fee. but that can be worked around by me giving them the money.

 
A friend of mine started a company similar to this. Here is how he did it.
The Seller donates money to belong to a Downpayment Assistance program.
His home is grouped with other listings (not Real Estate Agent listings)

A buyer decides to use the Downpayment Assistance program, they are given $5k or whatever for their Downpayment from a pot of money.
The buyer can only get the $5k if he buys a home on the list. No list, no $5k.

The Seller will have to donate more than the $5k to be included. Fees and such, maybe $7,500.

The nice part is that the buyers are very motivated to buy a home on the list, no list-no $5k.
So is it worth it to donate to a place that brings you motivated buyers?
Is it worth the $5k to have your available home choices slimmed down?
 
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