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Contract for deed can be house of horror for buyers. High-risk housing often is sold on such contracts, with little or no oversight. By Jeffrey Meitrodt. July 5, 2013 at 10:27AM ...
Buying or selling a property for the first time is a massive commitment that comes with a number of challenges. In this post, ...
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently released a critical advisory opinion and research report concerning contract-for-deed home financing. This form of ...
Land installment contracts, also known as “contracts for deed,” are seller-financed home sales in which a homebuyer makes regular payments to the seller over a period of 30 or 40 years, but ...
“In a contract for deed, buyers purchase a property over time directly from a seller, without a bank or other lender financing the purchase,” explained Sen. Tina Smith (D-MN).
Senators call for further oversight, consumer protections in contract for deed real estate transactions by Jessica Lussenhop 07/13/2023 02/06/2024. Share this: ...
The information in this column is not intended as legal advice but to provide a general understanding of the law. Readers with legal problems, including those whose questions are addressed here ...
But just two months later, he said, the contract had already become unmanageable. His family is at risk of losing not only the house, but about $100,000 they have paid, including a hefty down payment.
Minnesota senators met Thursday to discuss a bill that would create protections for homebuyers who sign on to a contract for deed. Minnesotans have lost homes and huge sums of money to these deals.
The office said anyone wishing to submit a complaint about contracts for deed can fill out its Tenant Report Form online, or call 651-296-3353 or 800-657-3787. Jessica Lussenhop X ...
Minnesota attorney general opens investigation into contract-for-deed real estate practices Following a ProPublica and Sahan Journal report, authorities are examining fast-tracked real estate ...