The signs offer quick cash for homes. But states want more oversight.
States are increasing oversight on cash-for-homes businesses due to concerns that aggressive marketing tactics confuse vulnerable homeowners. Advocates warn that these practices can lead to a loss of home equity for sellers.
WE BUY HOUSES. CASH 4 HOMES. FA$T CA$H. The signs, text messages and mailers promise cash, quick sales and a seamless means of unloading unwanted homes. But advocates say the business of buying homes for cash can confuse vulnerable homeowners and rob them of home equity. And now, many states are cracking down. Wholesalers often […]
READ NEXT
More on the wire
AI TLDR
A report from Think New Mexico proposes nearly a dozen ethics reforms for state legislators and lobbyists to modernize the legislature.
AI TLDR
A Democratic candidate for an Albuquerque state House seat has withdrawn a lawsuit that challenged her Republican opponent's residency in the district.
AI TLDR
A New Mexico jury found that Facebook willfully violated state consumer protection laws regarding data collection, misinformation, and hate speech.