The financial crisis in 2008 nearly spelled the death of the sale of tenancy in common interests, or TICs, as investment vehicles. TICs includes a number of different types of co-ownership interests (or fractionalized interests) in real estate. The term may refer to investments such as time shares, or more commonly these days, to real estate co-ownership with (or without) certain exclusive rights.
As real estate prices plummeted nationally in 2008, many TIC investors chose to walk away from their investment obligations, or sued the professionals who sold them the investments for their alleged lack of "due diligence" or "foresight."
