21 Missouri Homebuyers File Suit Against Springfield Firm In Failed Contract For Deed Home-Buying Program

In Springfield, Missouri, the Springfield News-Leader reports:

• Twenty-one homebuyers and tenants in a subdivision in Peculiar south of Kansas City have brought a group lawsuit against Greenleaf Companies, many of its business partners and 61 home investors in the U.S. District Court for the Western District of Missouri in Springfield.

• The lawsuit, filed on Jan. 23, is the first collective effort by Greenleaf victims against the Springfield company. Many homes in Greenleaf’s investment program have been lost to foreclosure, after the company failed to remit enough money to its investors to make mortgage payments.

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• In this latest suit, homebuyers and tenants in Tuscany, a Greenleaf-managed investment subdivision in Peculiar, are accusing the Springfield company of racketeering, a Ponzi scheme and unlawful merchandising acts. The plaintiffs also named participating investors in the suit.

For the story, see Group of residents of Peculiar bring lawsuit against Greenleaf Companies.

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