Contracts for deed are a form of home financing where the seller retains legal title until the borrower completes payment. Buyers’ exercise of their rights regarding the property is often complicated.
Contracts for deed are loans where the seller keeps the legal title of a home until the borrower makes all the payments. Some contracts for deed can provide a path to homeownership, but most carry risks. Sellers under a contract for deed might fail to provide the required consumer protections and expose you to expensive problems.
The CFPB released an advisory opinion and research report on a form of home seller financing that is often referred to as contract for deed.
People living in a home paid for through a contract for deed can seek help to stay in their home instead of losing it when trouble strikes.
Procedural and technical amendments to Regulations J and L, which implement the Interstate Land Sales Full Disclosure Act (ILSA).
The Consumer Financial Protection Bureau and the Justice Department sued Colony Ridge for operating an illegal land sales scheme and targeting Hispanic borrowers.
Registration resources, links, and guides to help industry understand and comply with applicable regulations pertaining to required submissions.
This report analyzes manufactured home loans, using two new fields in the Home Mortgage Disclosure Act (HMDA) data to understand the manufactured housing finance market and compare chattel loans and mortgages.
RESPA Procedures have been updated to include 10/3/15 revised effective date for the Know Before You Owe regulations.
Buying a home is a dream for many families, but you might not know where to start or when you’re ready. Here are some steps to get on the path to being a homeowner.
Director Chopra delivered remarks on the joint CFPB/DOJ action against Colony Ridge.
You might think that the first step in buying a car is to go to a dealership, but if you plan to finance your purchase, you may save money by first shopping for auto financing.
As part of CFPB’s continued effort to combat housing insecurity and promote racial equity, the Bureau is partnering with the Department of Housing and Urban Development to lead a tech sprint on post-pandemic housing challenges.
This week, we joined the State of Maine to file an amicus brief to help ensure that consumers receive critical protections when taking out loans.
Whether you have questions about the CFPB or about a consumer financial product or service, or you want to submit a complaint, start here. We’ll point you in the right direction.
With mortgage interest rates the highest they have been in 20 years, homebuyers are more likely to be offered, or seek out, alternatives to fixed-rate mortgages to help lower their monthly mortgage payments.
New Mexicans submitted complaints about credit reporting, debt collection, and other products.
This issue spotlight describes the risks workers and consumers face when they become indebted to the employer or the employer’s affiliate as a condition of employment.
For the first time ever, both banks AND non-bank lenders will be subject to federal examination to ensure that they are all playing by the same rules.
My speech today is intended as an incremental contribution to the year-long conversation on civil and human rights that Michigan State University has...
