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Resource ID: #17957
Subject: Real Estate
Source: Register (Des Moines, Iowa)
Date: May 13 - 15


"Des Moines' most blighted neighborhoods have become profit centers for a growing and largely unregulated home-lending business that trades on the desire of poor people to own a home. A Des Moines Sunday Register investigation found numerous problems with the contract wholesale business, including unpaid taxes, lack of disclosure of hidden costs and inflated sale prices."

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