N.C. AG announces judgment against real estate seller

RALEIGH, N.C. (Legal Newsline) — North Carolina Attorney General Roy Cooper announced Wednesday a judgment against a Surry County-based real estate seller who allegedly put more than 20 locals in danger of losing their homes.

Cooper alleged that Nichols Land Company misled consumers who entered into installment contracts with the company by promising the consumers they would own the property in time.

Nichols Land Company allegedly borrowed against the properties and defaulted on the loans, nearly costing more than 20 consumers their homes to foreclosure.

“People who wanted a place of their own made payments in good faith but almost lost their homes anyway,” Cooper said in a statement. “We work to stop deceptive land deals to keep consumers from getting hurt.”

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