Items Tagged with 'lease-to-own'

ARTICLES

  • NYDFS investigating whether rent-to-own is actually predatory lending

    Issues warning on risks of rent-to-own contracts
    The New York Department of Financial Services revealed Monday that it is currently investigating whether alternative home purchase agreements, such as rent-to-own, lease-to-own or land installment contracts, currently being offered in New York are actually “unlicensed, predatory mortgage lending.”
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  • Rent-to-own operator Vision Property Management shut down in Wisconsin

    Legal battle with state continues
    A Wisconsin state court effectively ended rent-to-own operator Vision Property Management’s ability to operate in the state, as the company’s battle with the state continues. Back in June, the Wisconsin Department of Justice sued VPM and its various affiliates for using “misleading and deceiving business practices to induce Wisconsin consumers to lease, rent, or purchase uninhabitable properties.”
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  • Wisconsin accuses rent-to-own operator Vision Property Management of harming consumers

    State sues VPM over its “misleading and deceiving business practices”
    The Wisconsin Department of Justice announced Monday that the state is suing Vision Property Management and its various affiliates for using “misleading and deceiving business practices to induce Wisconsin consumers to lease, rent, or purchase uninhabitable properties.” The lawsuit claims that VPM targeted low income consumers with predatory rent-to-own offers on “dilapidated” homes.
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