A HECS is the asset resulting from the conversion of residential real estate into fully transferrable equities by means of purchasing a fractional interest in a specific property that can then be held for its appreciation in value or resold. A HECS becomes the means of the partial liquidation of residential real estate as well as a means of the securitization of residential real estate ownership free of the investment constraints of debt management or property management.
HECS enable home equity extraction using the sale of a fractional interest rather than homeowner debt loading by increase of the home's mortgage amount. This removes continued employment as a risk component for the investor.
