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Some people who can't qualify for a mortgage, turn to a thinly regulated arrangement called contract for deed. Similar to renting to own, it rarely results in a buyer taking possession of the home.

For years, we have read stories about the mortgage crisis — homeowners in foreclosure, subprime lending, and banks in distress. But in South Texas, there is another major mortgage problem that gets ...

A year after moving into her white brick house in suburban Robbinsdale, Jennifer Gaines got a letter that turned her life upside down. She was facing foreclosure -- even though she was current on her ...

When the house at 934 Longview Drive was raided by police and boarded up in July, neighbor Patti Goke was relieved. For the first time in months, she said, the small cul-de-sac on the southeast side ...

Marisela Orozco (foreground) is letting her sister, Marissa, live in the house she thought she would own after making almost four years of payments. Marissa lives there today rent free, but pays the ...

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up for Dispatches, a newsletter that spotlights wrongdoing around the country, to receive our stories in your inbox every ...

On August 13, 2024, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion stating that contracts for deed are “credit” under Regulation Z, and therefore subject to its myriad ...

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up for Dispatches, a newsletter that spotlights wrongdoing around the country, to receive our stories in your inbox every ...

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