You are here

How a home bargain became a 'pain in the butt', and worse

Across the US, people have signed contracts for deeds; for many, these deals can quickly turn into money traps

BT_20170710_FIXER10_2973453.jpg
James Williams in Cincinnati on June 28. The high-interest, seller-financed deal he signed has left him frustrated and confused.

New York

JAMES Williams thought he had found a great deal on a home. The monthly fee on the three-storey fixer-upper in Cincinnati was cheaper than the rent on his last home. And the payments would go toward the US$40,000 he needed to own the place.

But Mr Williams will almost

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom