Single-family rental giant Invitation Homes was hit with a potential class-action lawsuit in California on Friday over what the plaintiffs claim are excessive and illegal late fees charged to tenants who fall behind on rent. According to the lawsuit, Invitation Homes charges a late fee of $95, even in cases when rent is only an […]
Lawsuit Calls PACE Practices ‘Predatory’
A class action lawsuit against HERO/PACE lender Renovate America, Inc., and the San Bernardino Associated Governments (SANBAG) was filed on Nov. 1, alleging “predatory characteristics” and a “pervasive pattern of false, deceptive and otherwise unlawful practices” regarding Home Energy Renovation Opportunity Loans (HERO Loans). Renovate America, Inc., originates loans for energy efficiency improvements, such as […]