How Contracts for Deed Put Families at Financial Risk — ProPublica
Contracts for deed seem like an easier path to homeownership, but they often come with a huge financial risk for vulnerable families.
Source: propublica.org
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Real estate investors sold Somali families on a fast track to homeownership in Minnesota. The buyers risk losing everything.
For Somali Muslim families in Minnesota, a contract for deed seems like an easier path to homeownership. But predatory practices and poor regulation can make it a financial trap rather than a good deal.
Source: startribune.com