Pennsylvania Attorney General Josh Shapiro filed a lawsuit against a company operating a rent to own scam that affected more than 650 low-income families across the state.
According to AG Shapiro, his office sued Vision Property Management and its affiliates as well as its CEO Alex and Chairman Antoni Szkaradek for engaging in illegal business practices.
In the lawsuit, the Attorney General alleged that the defendants operated a rent to own scam. Their actions violated the Consumer Protection Law, the Pennsylvania landlord-tenant law, the Loan and Interest Protection Law and several other statues.
Vision Property Management, its owners and affiliates allegedly lured consumers into entering rent to own agreements on foreclosed houses by using misleading sales tactics.
The company allegedly advertised its foreclosed homes nationwide including at least 600 in Pennsylvania as rent to own. Its primary target, low-income consumers who want to own a home but cannot obtain a conventional mortgage. The homes have significant defects such as leaking roofs, malfunctioning plumbing and other problems.
