Navigating Rent-to-Own Risks

Today, Clark has an update from the FDIC in the aftermath of the recent fintech meltdown, including the dangers of “blended banking” and how to spot fake savings account offers. Also - if you are in the market for a house, you may see offers for land contracts or seller financing. Know the downsides of alternative rent-to-own type mortgages

• Protections For Savers - An FDIC Update: Segment 1
• Ask Clark: Segment 2
• Beware Lease Purchase Type Home Offers: Segment 3
• Ask Clark: Segment 4

Mentioned on the show:

• The FDIC Is From the Government and Really Is Here to Help
• 17 of the Best High-Yield Online Savings Accounts in October 2024
• Experian Insurance Marketplace
• NYTimes: A Mortgage Alternative for Lower-Priced Homes Comes With Risks
• NYTimes: Consumer Agency Cracks Down on Seller-Financed Home Sales

Clark.com resources

• Episode transcripts
• Community.Clark.com
• Clark.com daily money newsletter
• Consumer Action Center Free Helpline: 636-492-5275

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