Heather Way Warns of Home Buyers Exposed to Risky Transactions

Former Skadden fellow Heather Way ('97) was quoted in a front-page New York Times article about private investors' sales of homes through contracts for deeds ("Market for Fixer-Uppers Traps Low-Income Buyers," Feb. 20). The homes have been condemned or have housing code issues. "There is this whole other way that people buy homes. It is very much under the radar and hidden," said Heather, a professor of law at the University of Texas. "Homeowners go into this without knowing that this is such a high-risk contract fraught with perils."