Federal Watchdog Agency Steps Up Inquiry Into Home Contracts – The New York Times

The Consumer Financial Protection Bureau, the nation’s top consumer watchdog, is stepping up an investigation into seller-financed home sales that target lower-income home buyers unable to get a traditional mortgage. The regulatory agency on Monday disclosed that it recently ordered two major companies that offer high-interest installment contracts called contracts for deed to comply with a civil investigative demand for …

Vision Property Employees Speak Out

Why do we think rent-to-own agreements and land contracts are scams? This article is a great example of ex-Vision Property Management employees speaking out about actively scamming consumers. Some quotes: “My big problem with the culture there was that we knowingly manipulated people’s bad situations for our own gain. When people presented us with their problems like ‘oh i need …