A group of U.S. Senators has launched a probe into a now-defunct real estate company, EasyKnock, after concerns were raised regarding its impact on vulnerable homeowners.
In a letter to EasyKnock, senators stated they are 'deeply concerned about EasyKnock's lasting impact on vulnerable homeowners' affected by its sale-leaseback agreements.
EasyKnock's sudden closure has raised numerous questions regarding its handling of existing contracts and how many homeowners have been adversely impacted.
Senators are asking about the number of homeowners who repurchase their properties after entering into agreements with EasyKnock and the instances of eviction.
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