Columbus city officials and fair housing advocates are concerned about what some are calling the successor to the subprime mortgage crisis.
Audio, News Story (Ohio)
WOSU (Columbus, OH)
April 9, 2018
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Organizations mentioned/involved: Legal Aid Society of Columbus
Since the mortgage crisis ended, fair housing advocates and groups like Legal Aid Society say they’ve seen an increase in rent-to-own agreements and related evictions. But it’s impossible to know just how many rent-to-own properties are in Columbus because they don’t have to be reported by landlords. Rent-to-own arrangements are similar to land contracts, but the former is not legally required to be filed with the Franklin County Recorder’s office.