After Seeing Controversial Contract-for-Deed Home Sales Affect Constituents, Minnesota Lawmakers Propose Reforms
The state legislators said the home deals had harmed members of the Somali community in and around the Twin Cities. Some buyers have lost their homes.
Minnesota Attorney General Opens Investigation Into Controversial Contract-for-Deed Real Estate Practices
Following a ProPublica and Sahan Journal report, authorities are examining fast-tracked real estate deals for possible civil charges.
Investors Sold Somali Families on a Fast Track to Homeownership. The Buyers Risk Losing Everything.
For Somali Muslim families in Minnesota, a contract for deed seems like an easier path to homeownership. But predatory practices and poor regulation can make it a financial trap rather than a good deal.