By Gordon Friedman
2008 has been a tumultuous year for the mortgage industry. What started out as a "subprime" crisis has now spread to all types of mortgages, including those intended for well-qualified borrowers. It's now harder to qualify for a loan and many loan programs and lenders have disappeared. The good news is that fractional TIC loans have escaped relatively unscathed. They are still available at rates and terms similar to what was in place before the crisis hit. In addition, larger FHA loans have been introduced making them, for the first time, a viable option for group financing for TIC's.