Asked by Lawrence, San Francisco, CA • Mon May 14, 2007
As someone who is new to the urban real estate scene, the whole TIC thing is completely foreign to me. From what I understand, TIC means I'm partnering with some other people to buy a place together. What are the most noticable differences between TIC and buying a place outright? What happens if one of the other owners defaults? Any help would be appreciated.
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