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
Kentucky Governor Andy Beshear advised Arkansas Democrats to focus on clear messaging and personal values to win in Republican-leaning states. He spoke at a party fundraising event in North Little Rock.
AI TLDR
Death row inmate Christa Pike is in critical condition following a failed execution attempt in Tennessee. The state halted the procedure after the lethal injection protocol failed.
AI TLDR
Arkansas and Kentucky will each receive $10 million grants from a nonprofit to improve maternal health in rural areas. The funding is part of a larger $100 million initiative aimed at reducing maternal death rates in the U.S.