Disclosures by States
Please read our Privacy Policy, Terms of Use and Disclaimers carefully before engaging in any property transactions with Sell2Rent.
States
New York Home Equity Theft Prevention Act (HETPA)
New York law includes special protections for certain homeowners under the Home Equity Theft Prevention Act (HETPA). This law is meant to protect homeowners who are living in their home and may be facing financial hardship, such as missed mortgage payments or foreclosure.
If a homeowner is considered a “covered homeowner” under HETPA, the law requires extra disclosures and rights, which may include:
A written notice explaining the homeowner’s legal rights.
A period of time after signing during which the homeowner may cancel the agreement.
Clear contract terms that cannot remove or limit legal rights.
Whether HETPA applies depends on the homeowner’s specific situation, including whether the home is owner-occupied and the homeowner’s financial status at the time of the transaction.
Sell2Rent does not provide legal advice. Homeowners in New York are encouraged to speak with an independent attorney or housing counselor to fully understand their rights before signing any agreement.
When required by law, Sell2Rent and its partners will provide all notices and disclosures required under New York law.
California Home Equity Sales Disclosures
California law provides special protections for certain homeowners under the Home Equity Sales Contracts Act. This law is designed to protect homeowners who live in their home and may be experiencing financial hardship, including default or foreclosure.
If a homeowner is covered by this law, additional rules and disclosures apply, which may include:
A written preview of the home equity sale contract before it is signed
A 5-day right to cancel the agreement after signing, for any reason
Clear explanations of the terms of the sale and the homeowner’s rights
Homeowners who qualify must also be informed that free, independent housing counseling is available through HUD-approved housing counselors. A directory of HUD-approved housing counselors can be found at:
https://www.hud.gov/findacounselor
Whether these requirements apply depends on the homeowner’s specific situation, including whether the property is owner-occupied and the homeowner’s financial condition at the time of the transaction.
Sell2Rent does not provide legal advice. Homeowners in California are encouraged to review all disclosures carefully and consult with an independent attorney or housing counselor before entering into any agreement.
When required by law, Sell2Rent and its partners will provide all notices and disclosures required under California law.
Illinois Mortgage Rescue Fraud Act Disclosures
Illinois law provides special protections for certain homeowners under the Mortgage Rescue Fraud Act. This law is intended to protect homeowners who live in their home and may be facing financial hardship, such as default or foreclosure.
If a homeowner is covered by this law, additional disclosures and rights may apply, including:
A written notice explaining the homeowner’s rights under Illinois law
A 3-day right to cancel the agreement after signing, for any reason
Clear contract terms that cannot remove or limit the homeowner’s legal rights
Whether these protections apply depends on the homeowner’s specific situation, including whether the home is owner-occupied and the homeowner’s financial condition at the time of the transaction.
Sell2Rent does not provide legal advice. Homeowners in Illinois are encouraged to review all disclosures carefully and consult with an independent attorney or housing counselor before signing any agreement.
When required by law, Sell2Rent and its partners will provide all notices and disclosures required under Illinois law.
Massachusetts Chapter 93A Consumer Protection Notice
Massachusetts law includes strong consumer protection rules under Chapter 93A, which is designed to protect homeowners from unfair or deceptive practices in real estate transactions.
In Massachusetts, sale transactions involving homeowners in financial hardship may receive additional scrutiny, and certain warnings and disclosures may be required to clearly explain the homeowner’s rights and the nature of the transaction. These requirements are intended to ensure homeowners fully understand their options and are not misled about the terms of a sale or any related occupancy agreement.
Recent enforcement actions and settlements in Massachusetts have reinforced the importance of clear, transparent disclosures, especially in transactions where homeowners sell their home and remain in the property under a separate rental or occupancy agreement.
Whether these protections apply depends on the homeowner’s specific situation, including whether the property is owner-occupied and the homeowner’s financial circumstances at the time of the transaction.
Sell2Rent does not provide legal advice. Homeowners in Massachusetts are encouraged to carefully review all disclosures and consult with an independent attorney before entering into any agreement.
Texas Foreclosure Timeline and Redemption Notice
Texas law allows foreclosures to move very quickly. In some cases, a foreclosure sale may occur in as little as 41 days after the legal process begins.
Sell2Rent transactions are not foreclosure sales. A typical Sell2Rent transaction generally takes approximately 30 to 45 days to complete, depending on title review, inspections, and other transaction details. Because foreclosure timelines and transaction timelines are different, homeowners should carefully consider their timing and options.
Texas law also does not provide a general right of redemption for homeowners after a foreclosure sale. This means that, once a foreclosure sale occurs, the homeowner usually cannot reclaim the property by paying off the debt later.
Whether foreclosure timelines or redemption rights apply depends on the homeowner’s specific situation and loan type at the time of the transaction.
Sell2Rent does not provide legal advice. Homeowners in Texas are encouraged to consult with an independent attorney or housing counselor to fully understand foreclosure timelines, redemption rights, and available alternatives before entering into any agreement.
When required by law, Sell2Rent and its partners will provide all notices and disclosures required under Texas law.