CENTENNIAL, Colo. — A Colorado couple filed a federal lawsuit this week, seeking class action status, against a home investment company that owns an option on a significant portion of their Centennial home.
In the lawsuit, Chuck and Kate Kane accuse the company Unison of violating several lending and credit laws and violating Colorado’s Consumer Protection Act when they offered them a product called an Equity Sharing Agreement, which offers homeowners an upfront payment in exchange for an option to purchase a percentage of their home.
Nearly eight years after Unison paid the Kanes $87,000, after fees, for an option on their home, the couple has learned their equity means they could owe that company more than $278,000 from profits of a home sale today…