Cincinnati sues seller of foreclosed homes

Posted online April 21, 2017 | 11:35 am

The city of Cincinnati filed suit against Harbour Portfolio Advisors, claiming predatory acts related to foreclosed homes.

The suit alleges the private investment firm sold foreclosed homes on high-interest installment contracts to poor Cincinnati residents who could not get traditional bank mortgages.

The city claims Harbour Portfolio Advisors owes $360,000 in unpaid fines, fees and violation notices.

Read more from The New York Times.

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