Land contracts trip up would-be homeowners


Land contracts and similar deals have soared in Detroit since the mortgage meltdown, attorneys and housing advocates say, contributing to evictions in a city that leads the nation in them.
News Story (Michigan)

Joel Kurth
Detroit News
February 29, 2016
READ THE FULL STORY HERE

Tags: Housing: Eviction, Housing: Landlord-Tenant

Organizations mentioned/involved: Michigan Legal Services, Michigan Legal Aid and Defender Association


DETAILS

Land contracts don’t cause as many problems there as ones in Detroit, which often involve ramshackle homes purchased from tax foreclosure auctions and contracts that are “written to fail,” contended Joon Sung, deputy chief counsel of Michigan Legal Aid and Defender Association, a nonprofit that represents the needy in court.

“People are often overjoyed at the prospects of owning their own home, so they go in blind and fall into a trap,” Sung said.