In a first-of-its-kind lawsuit, an Indianapolis housing rights group challenges a local realty company’s rent-to-own practices, alleging predatory lending and civil rights violations. Source: Rent-to-own contracts challenged in federal court
“The nation’s top consumer regulatory agency is seeking to hold a South Carolina housing finance company in contempt for moving too slowly to respond to a judge’s order that it turn over documents and audio recordings. A federal judge on Tuesday referred the matter to a United States magistrate judge for a hearing. The unusual […]
Great list of policy recommendations! http://www.nclc.org/images/pdf/foreclosure_mortgage/predatory_mortgage_lending/ib-land-contracts-policy-recs.pdf
Questions to ask, tips to follow, and pitfalls to avoidIf you’d like to become a homeowner but are unable to obtain a mortgage or pay cash for a home, you’re probably going to have to decide whether or not a land contract is right for you. Land contract buyers have different rights and responsibilities than […]
“Government scrutiny of Harbor Portfolio Advisors of Dallas has contributed more baggage to weigh down a would-be sale of Arkansas’ smallest bank. Two of the three prospective buyers of an 87.3 percent stake in Community State Bank of Bradley (Lafayette County) are affiliated with Harbor Portfolio Advisors: Chad Vose, president of the company, and Farzana […]
The Home Savers Campaign is delighted to hear the investigative report that Reveal has done on land contract sales in Detroit with our Organizing Committee member Stevenna Dobson and the podcast’s deeper look into Trump’s friend and advisor Tom Barrack and his investment into the foreclosure crisis. “Michigan Radio’s Sarah Hulett brings listeners to ground […]