Real Estate
How LA Failed to Stop Landlords From Turning Low-Cost Housing Into Tourist Hotels
Fifteen years ago Los Angeles passed a law to preserve residential hotels as housing of last resort. Now, amid the homelessness crisis, Capital & Main and ProPublica found some hotels may be violating that law.
Local Reporting Network
HomeVestors Said It Had Kicked Out a Top Franchisee Who Broke the Law. New Evidence Suggests It Didn’t.
The company said it had cut ties with Cory Evans, the former co-owner of Patriot Holdings LLC, “a number of years” ago, but texts, emails and interviews indicate he was still engaged in the business as recently as March.
Looking to Sell Your Home for Cash? Read This First.
Cash home buyers like the “We Buy Ugly Houses” company may offer a quick and convenient sale to homeowners. Here’s what experts say you should know about interacting with these companies.
Five Stories of Lives Upended After Dealing With the “We Buy Ugly Houses” Company
ProPublica found that HomeVestors franchises often target the homes of people in vulnerable or desperate situations. These are the stories of five people who found themselves in unwanted deals with a cash home buyer.
Impact of Our Reporting
After Seeing Controversial Contract-for-Deed Home Sales Affect Constituents, Minnesota Lawmakers Propose Reforms
The state legislators said the home deals had harmed members of the Somali community in and around the Twin Cities. Some buyers have lost their homes.
Lawmakers Introduce Bill to Reform Controversial Contract-for-Deed Home Sales
Proposed legislation follows a ProPublica and Sahan Journal report that revealed questionable real estate transactions that left members of Minnesota’s Somali and Hispanic immigrant communities at risk of losing their homes.
“We Buy Ugly Houses” Company Overhauls Policies in the Wake of ProPublica Investigation
HomeVestors franchises will be required to provide prospective home sellers with a disclosure that includes a three-day window to terminate a sales contract.
