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Cincinnati sues seller of foreclosed homes
4/21/2017 7:35 AM
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The city of Cincinnati filed suit against Harbour Portfolio Advisors, claiming predatory acts related to foreclosed homes.
The suit alleges the private investment firm sold foreclosed homes on high-interest installment contracts to poor Cincinnati residents who could not get traditional bank mortgages.
The city claims Harbour Portfolio Advisors owes $360,000 in unpaid fines, fees and violation notices.
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The New York Times
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