Feeling trapped need help

[Justin Furtado]

So I bought my first home in 2010 in Huntington Beach with a first time home buyer assistance program. The program gave me 100k interest free, however it’s an equity share program where they will get 100% of 20% of the equity during the first few years I’m in the home gradually decreasing the more years I’m in the home. Stipulations are that it needs to be my primary residence. I really want to keep my house and buy another with low money down live in it for a year or a few then repeat the process. Can anyone come up with a creative idea on this or am I stuck and have to sell give HB their equity share and start over? Thanks

[Joe Homs]

@Justin Furtado  I have some additional questions for you.  

The program gave me 100k interest free.  Question:  Is this a second trust Deed or is this wrapped into the original first they gave to you?

however it’s an equity share program where they will get 100% of 20% of the equity during the first few years.  I’m in the home gradually decreasing the more years I’m in the home.  Question: You have been in there 10 years? How is the breakdown on the equity share exactly?

Stipulations are that it needs to be my primary residence.  Question:  This is normal, so I am guessing that the equity in the home has increased close to 100% since purchase?  Was this a city of Huntington Beach Program?

Good investing...