For Somali families in Minnesota, a contract for deed can seem like an easier path to homeownership. But predatory practices and poor regulation can make these loans a financial trap rather than a good deal.
A nonprofit newsroom dedicated to reporting for Minnesota’s immigrants and communities of color.
For Somali families in Minnesota, a contract for deed can seem like an easier path to homeownership. But predatory practices and poor regulation can make these loans a financial trap rather than a good deal.
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