When Lilly Evans, 77, entered into an “equity share agreement” in 2018, she didn’t know she was signing away most of her home’s value.
In 2012, Evans, a lifelong resident of D.C., purchased her white single-story home in the Burrville neighborhood. By 2018, she was struggling to keep up with expenses and had accumulated thousands of dollars in debt.
“When Unison offered me money to catch up on my bills, I thought it was a no brainer,” Evans wrote in a statement to Street Sense. “I had no idea that in exchange they would take 70% of the equity in my home.”…