Inside Report (6)
New ways to finance homes keep bubbling up to counter those lofty interest rates. One technique that's "hot" now: "mingles," shared buying by two or more single people.
Says Walter Blass, vice-president of Advance Mortgage Corporation, the nation's fourth-largest mortgage banker:
"Many Los Angeles deals have three comortgagors. Some brokers run matchmaking bureaus to team up buyers with a compatible investment philosophy. New $130,000 town houses, designed for the mingles market -- two master bedrooms , etc. -- sell well in Washington . . . .".