AG Weiser announced that the Colorado Department of Law reached a settlement with real estate company HomeOptions, resolving allegations that the company locked homeowners into onerous agreements that violated state consumer protection laws, often containing decades-long terms and leaving future homeowners on the hook. Under the terms of the settlement, the company will release all 171 homeowners with existing contracts from their agreements and will no longer have any remaining claims on any property owned by Colorado consumers.

“It’s predatory for a company to offer a paltry amount of money to homeowners in exchange for binding themselves and their heirs to a real estate transaction that might be many decades away. This settlement provides relief for those who were locked into the unfair contracts. I will continue to fight for Coloradans and take action against those irresponsible companies who engage in predatory and unconscionable behavior.”- AG Weiser