KBRA: Rent-to-own properties problematic arena for investors | 2016-01-18 | HousingWire

A recent report from Moody’s highlighted the benefits for consumers and investors that stem from Home Partners of America’s rent-to-own program, but a new report from Kroll Bond Rating Agency throws a wet blanket onto anyone who posited that rent-to-own could be the “future of housing.” Source: KBRA: Rent-to-own properties problematic arena for investors | […]

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Rent-to-Own Homes: A Win-Win for Landlords, a Risk for Struggling Tenants – The New York Times

Rent-to-own leases are similar in many ways to contracts for deeds: long-term, high-interest installment contracts that call for the resident to make monthly payments to the seller. Unlike a contract for deed — which typically lasts 30 years, at the end of a Vision contract, tenants still need to find financing to complete the deal. […]

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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 […]

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