Randee Noggle stands in front of her home in Taylor, Mich., on June 30, 2024. She sold the house to the sale-leaseback company EasyKnock, which announced Thursday it's going out of business.EasyKnock, a real estate company offering controversial sale-leaseback deals to financially strapped homeowners, announced abruptly on Thursday that it is going out of business.
"The ads make these agreements — called sale-leasebacks — sound like a simple and risk-free way to get cash upfront and stay in your home," reads the alert."But the truth is these agreements are far from risk-free." "Everything's a little bit of a question mark right now, so we've got to wait and see what happens," said Robin Wagner, who represents Noggle and several other Michigan homeowners in their lawsuits against EasyKnock.