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What happens when a Silicon Valley company offers homeowners $50 Amazon gift cards to submit favorable testimony to a state legislature, and doesn't disclose it? I watched it happen in real time.
In this episode, I'm telling the full story of the day I drove 3.5 hours to the Pennsylvania State Capitol to testify in support of HB 2120, a bill that would require home equity investments (HEIs), also called shared appreciation agreements or home equity sharing agreements, to be regulated as mortgage products under Pennsylvania's usury law.
What I witnessed was a masterclass in how money, lobbyists, and carefully placed friendships work behind the scenes to slow down consumer protections. And it got picked up by Spotlight PA.
We cover:
If you took out a home equity investment or shared appreciation agreement and have a balloon payment coming, you need to understand what's at stake. And if you haven't taken one out yet — listen before you do.
Mentioned in this episode:
State laws and regulations may vary.
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No transcript available for this episode.

The Real Estate REplay

The Real Estate REplay

The Real Estate REplay