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Violation Tracker Individual Record

Company: EasyKnock
Penalty: $200,000
Year: 2023
Date: December 5, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Secondary Offense: consumer protection violation
Violation Description: Easy Knock will pay $200,000 to resolve allegations that the company engaged in an unfair and deceptive equity-skimming scheme that involved purchasing the homes of cash-strapped consumers at bargain-basement prices and then renting them back to the consumers, at times for unfair rents. The settlement also requires the company to permanently cease its unfair and deceptive "sale-leaseback solution' business in Massachusetts and to undertake changes to their business practices, including returning tens of thousands of dollars of improperly held funds to consumers, lowering rents for certain existing tenants, and complying with landlord-tenant laws.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.