AG Nessel secured an agreement resolving an investigation into the sale-leaseback company EasyKnock, Inc. for engaging in alleged deceptive business practices that targeted financially distressed homeowners. The agreement creates an $85,000 settlement fund for impacted customers, requires business practice reforms for the companies involved, and prohibits those entities from conducting sale-leasebacks in the State of Michigan. 

“Michiganders struggling to keep a roof over their heads shouldn’t be exploited by predatory companies. I am proud of my office’s work in securing this settlement and protecting future homeowners from deceptive practices. When families fall behind on their mortgage payments or property taxes, they can become targets for bad actors offering magical solutions. Consumers must be wary of arrangements that require them to transfer ownership of their property, and they should thoroughly understand the long-term consequences before entering into any agreement.” -AG Nessel