ProPublica: Senators Call for Further Oversight, Consumer Protections in Contract for Deed Real Estate Transactions
Appearing in ProPublica on July 12, 2023, Jessica Lussenhop quotes Sarah Bolling Mancini in coverage of a U.S. Senate subcommittee hearing on alternative home financing deals that leave unwitting buyers financially devastated and unscrupulous sellers free to resell the properties. These financial products are a “costly and harmful detour from homeownership….NCLC estimates that the failure…