How does Home Trust homeownership differ from private market homeownership?
There are two key differences that every prospective buyer must understand: Home Trust homeowners must reside in their homes and they cannot sell their homes to anyone at any price. However, like private market owners, Home Trust homeowners have the security and tax advantages of ownership along with the financial obligations of the property including but not limited to: the mortgage, homeowner’s insurance, homeowner’s association dues and annual property taxes. Our homeowners are also responsible for maintaining their homes and addressing repair needs (e.g. servicing the HVAC system, changing the air filters monthly, fixing leaks, etc).
