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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.
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 ...
In real estate transactions, a trust deed transfers the legal title of a property to a third party until the borrower repays their debt to the lender.
“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).
What are the downsides of a land contract? From the buyer’s perspective, purchasing a property on land contract combines the worst of buying and renting, say experts.
Contracts for deed seem like an easier path to homeownership, but they often come with a huge financial risk for vulnerable families.
In recent years, real estate investors have promoted contracts for deed as an interest-free purchase agreement by first buying houses using traditional mortgages, then reselling them to contract ...
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.
Following a ProPublica and Sahan Journal report, authorities are examining fast-tracked real estate deals for possible civil charges.
From Other Nonprofit Media Senators call for further oversight, consumer protections in contract for deed real estate transactions by Jessica Lussenhop 07/13/2023 ...
Can the trustee of a revocable living trust execute a beneficiary deed? Find out in this week's real estate law column.
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