Unison, one of the nation’s leading providers of home equity investments (HEIs), is facing a lawsuit from the National Association of Consumer Advocates (NACA), alleging that Unison deceptively markets its product as a “no-debt” home equity alternative.

According to the complaint, Unison’s product functions similarly to a mortgage as homeowners receive an upfront cash advance secured by a lien on the property and must later repay a larger lump sum. In many cases, repayment occurs through the sale of the home or foreclosure. The liens are then bundled into investment funds by Unison affiliates and details ⇒

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