Unison, a provider of home equity investment agreements, is confronting a new class-action lawsuit. Plaintiffs claim the firm markets its product as involving no debt, but the terms can allegedly force homeowners into a large balloon-style payoff.
The legal action centers on the company's Home Equity Investment agreements, which provide homeowners with cash in exchange for a share of their home's future appreciation. The plaintiffs argue the marketing materials misrepresent the financial obligations and risks involved for consumers.