A newly filed class-action lawsuit accuses home equity investment (HEI) company Unison of misleading homeowners and structuring its products in ways that leave customers with far less equity than expected.

The complaint, filed April 6 in the U.S. District Court for the District of Colorado by plaintiffs Katharine and Charles Kane, alleges that Unison and affiliated entities deceptively market their home equity agreements as a simple, debt-free alternative to loans.

At the heart of the lawsuit, the Kanes are challenging Unison’s core product, which provides homeowners with an upfront cash payment in exchange for a share of the home’s future details ⇒

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