Clayton also develops the true domiciles with materials — such as for instance paint and carpeting — given by other Berkshire subsidiaries.

Clayton also develops the true domiciles with materials — such as for instance paint and carpeting — given by other Berkshire subsidiaries.

Berkshire extracts value at each phase regarding the procedure. And Clayton borrows from Berkshire to help make mobile mortgage loans, paying as much as a supplementary portion point along with Berkshire’s borrowing expenses, cash that moves directly from borrowers’ pouches.

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A review of Berkshire Hathaway’s response to ‘mobile house trap’ research

Significantly more than a dozen Clayton clients described a frequent variety of misleading techniques that locked them into ruinous discounts: loan terms that changed suddenly that they could later refinance after they paid deposits or prepared land for their new homes; surprise fees tacked on to loans; and pressure to take on excessive payments based on false promises https://www.titleloansusa.info/payday-loans-sd/. Read More

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