Our meeting gets press in Detroit!

Activists hope to mobilize victims of predatory housing deals “This group has already canvassed neighborhoods in Pittsburgh, Akron and Youngstown, talking to people who bought homes on land contracts. They found lots of folks who had no idea they’d signed deals with predatory terms that make it difficult to ever actually own the house. “The […]

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Group to bid on large swath of Detroit properties

Prentice and his Home Team colleagues contend they have a plan to solve one of Detroit’s biggest problems: stopping the hemorrhaging of home foreclosures from unpaid property taxes. The group wants the right to buy thousands of northwest properties before they end up in the tax auction, which it will then work to fix up […]

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Koehler passes measure protecting renters

The new legislation would seek to address that lack of understanding by creating the Installment Sales Contract Act. Among the new protections is a requirement that a payment schedule is to be given to the buyer prior to closing, a prohibition on prepayment penalties and a requirement for a written contract with information about ballooning […]

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Working-Class Perspectives

As the Home Savers Campaign and partner organizations get their arms around this issue, one thing is clear: these contracts are misrepresented and rarely understood by working families desperate to obtain affordable and decent housing with the opportunity of home ownership.  Millions of families are now caught in this dilemma. For them, the American Dream […]

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