Tag: consumer protection
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Feds Target Predatory Lenders, Call Out “Nightmare” Scenarios for Deed Seekers
The U.S. Consumer Financial Protection Bureau (CFPB) is acting to block predatory financing, redlining, and zombie mortgages. What’s all this about predators, red lines and zombies, you ask? Let’s break it down.
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Update: State Lawmakers Have “Fast Cash for Houses” Wholesalers on Their Radar
Tempted to sell your home quickly and easily to one of those “We buy any house” outfits? Wait. Don’t even think about giving up that deed until you read this.
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Seniors’ Advocates Urge States to Ban Predatory ‘Cash for Listing’ Contracts
States are outlawing listing agreements that bind homeowners to specific companies to sell their homes in the future. In the last two years, 30 states have acted to prevent businesses from taking control of people’s property by recording brokers’ contracts against their deeds. The agreements can result in restrictions, liens, or even stealth mortgages recorded…
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Legal News: Oregon Starts Restricting Real Estate Wholesalers
Oregon’s governor has signed H.B. 4058 into law. The point of this new provision? To help people know how brokers work with sellers and buyers in deed transfers. The bill takes effect January 1, 2025. Most notably, the law sets out to regulate residential property wholesaling. Before this, Oregonians could engage in wholesaling without legal…
