How a Home Bargain Became a ‘Pain in the Butt,’ and Worse – The New York Times

“Across the country, people like Mr. Williams have found themselves in similar predicaments. Unable to obtain a traditional mortgage, they have signed a high-interest, seller-financed deal known as a contract for deed that works like an installment plan for housing. For many, these deals can quickly turn into money traps. The deals also have added […]

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