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Divvy Homes Says Rent-to-Own Deals Work. Next Year Will Be a Test.


With high eviction rates, substandard properties and shady legal practices, rent-to-own home businesses are one of the darkest corners of the real-estate world. Financially vulnerable people seeking a piece of the American dream often end up swindled for money and property improvements, then booted on to the street.Divvy Homes, founded three years ago and backed by highflying Silicon Valley investors, has said it aims to change all that.Instead of offering clients a meager selection of rundown homes to pick from, Divvy allows them to select a property on the open market. The sale price is locked in at …

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