“We Buy Houses”: A Foreclosure Rescue as the Solution to the Trapped Homeowner Equity Problem

This Article unveils the logic of these transactions and provides market context, which is often misunderstood and under-appreciated by academics, judges, and the public, who do not understand the value of the transactions to the homeowners who use them and to the communities in which the transactions are popular. Instead, the transactions are met with bias and negative assumptions. Critics often present the exceptions as if they are the rules and falsely stereotype the homeowners in these transactions as elderly, frail, and uneducated. As a result, these transactions are increasingly regulated by criminal law, with convicted investors subject to severe criminal sentences. The effect of this trend will be to eviscerate the RSLB transaction completely