The Minnesota Attorney General's Office is investigating potentially exploitative real estate transactions that have targeted Somali and Hispanic immigrant homebuyers in the state. The attorney ...

Some people who can't qualify for a mortgage, turn to a thinly regulated arrangement called contract for deed. Similar to renting to own, it rarely results in a buyer taking possession of the home.

“Everything we’re going to talk about today is not just going to stay local, it’s going to go national.” In the James B. Woulfe Alumni Hall at the University of St. Thomas on Aug. 13, Consumer ...

The Consumer Financial Protection Bureau is cracking down on contract-for-deed home financing deals by requiring that sellers disclose financing costs, assess a borrower's ability to repay and abide ...

Marisela Orozco (foreground) is letting her sister, Marissa, live in the house she thought she would own after making almost four years of payments. Marissa lives there today rent free, but pays the ...

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. In ...

2. The default is as follows: a) A balloon payment was due on or before June 5, 2019. The amount now due and owing as of May 5, 2021, is $103,514.35 b) i. The 2017 ...

Prospective homeowners who can't qualify for a home loan are often desperate to find options that don't involve a bank or mortgage lender. An alternative called contract for deed started booming after ...

The contract for deed option is marketed as a way for people who can’t get a conventional mortgage to realize the dream of owning a home. But more often than not, buyers do not end up as homeowners.