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This is a terrible example of one Dallas firm abusing the Contract for Deed method by selling to financially marginal families who can’t afford to fix up the fixer-upper property the contract requires them to in the short time allowed.
Besides giving real estate investors a really bad name, it also risks legislators over-regulating the Contract for Deed method, or literally outlawing it altogether. Sometimes the least expensive way to learn is by the awful mistakes that others make. This is one of those:
http://thescoopblog.dallasnews.com/2016/02/dallas-firm-dealing-in-fixer-uppers-draws-complaints.html/
–Dee
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