Tucson-based Deed and Note Traders and 881Home agreed to pay $375,000 to settle state consumer-fraud charges involving rent-to-own deals.
David Wichner Two Tucson real estate companies have agreed to pay restitution and fines totaling $375,000 to settle state consumer-fraud charges involving rent-to-own deals.
People are also reading… Deed and Note Traders and Kinas were previously cited by the attorney general in 2006 for similar activity, and as of 2021 still owed the state $300,000 from a settlement in that case. If they do sell any properties, they must use a licensed real estate agent and an independent escrow agent and provide title insurance as part of the sale, according to the consent judgment.
Contact senior reporter David Wichner at [email protected] or 520-573-4181. On Twitter: @dwichner. On Facebook: Facebook.com/DailyStarBiz
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