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A company that turned homeowners into renters abruptly shuts down
EasyKnock, which pioneered 'sale-leaseback' deals for struggling homeowners, abruptly closes its doors
toggle caption Sylvia Jarrus for NPR EasyKnock, a real estate company offering controversial sale-leaseback deals to financially strapped homeowners, announced abruptly on Thursday that it is going out of business. This type of real estate transaction, known as a sale-leaseback, focuses on homeowners who struggle to get traditional loans due to bad credit or insufficient income. "The ads make these agreements — called sale-leasebacks — sound like a simple and risk-free way to get cash upfront and stay in your home," reads the alert.
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