State DOJ asking court to shut down Vision Property's controversial rent-to-own operation
The state Department of Justice is asking that a South Carolina property company be banned from operating its controversial rent-to-own operation in Wisconsin and be ordered to refund money collected through the "illegal rental, leasing and sale" of its properties, according to a suit filed Monday.
The target of the action filed in Milwaukee County Circuit Court is Vision Property Management LLC, which has been the subject of lawsuits, criticism by politicians including U.S. Rep. Elijah Cummings and media reports examining its practices. Founded in 2004, the company owns about 5,700 properties in 40 states, according to a December letter to DOJ from attorneys representing Vision Property.
"Companies in Wisconsin whose business model relies on deceiving consumers have no place in our state, Attorney General Brad Schimel said in a statement issued after the suit was filed.
A Vision Property statement said the firm will "vigorously" contest the suit and that the claims of "harm' will surprise the many new Vision homeowners."
Read more: http://www.jsonline.com/story/news/investigations/2017/06/05/state-doj-asking-court-shut-down-vision-propertys-controversial-rent-to-own-operation/371497001/