Industry NewsMarkets & Economy

Hiring bonus: we’ll buy your house

Microsoft took homes off of executives' hands
Published on Sep 29, 2009

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by CareyBot

Homebuyers who are worried they will lose their job after taking on a hefty mortgage can take out insurance policies that will cover their payments for a time if they become unemployed.

But what's an executive who lands a high-paying job that forces him to relocate to do if he can't sell his house for what he bought it for?