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asyKnock, a proptech firm involved in sale-leaseback transactions, has secured a significant win in arbitration. The company was sued by Dallas homeowners who claimed they were defrauded out of their home through a "disguised loan" by EasyKnock. However, the court-appointed arbiter ruled in favor of EasyKnock, ordering Randy and Anne Sitzman to pay $153,829.98 for past due rent and fees.

    According to the court documents, the arbiter found that the Sitzmans had not suffered any loss or damage from their transactions with EasyKnock. In fact, they had benefited financially and were able to avoid foreclosure on their home. The ruling states that the sale-leaseback transaction "has resulted in significant net economic benefits" for the couple.

    EasyKnock's CEO, Jarred Kessler, hailed the decision as a victory for the company's business model, which he claims provides a lawful option for homeowners to access their equity. He also praised the Texas court for upholding the legality of the sale-leaseback transaction and lease term with the Sitzmans.

    Despite this win, EasyKnock still faces ongoing litigation from individual homeowners and criticism from government regulators. The company has reached a settlement with Massachusetts and is being investigated by Michigan's attorney general. In June, NPR reported that EasyKnock was facing legal action from over two dozen people in Texas alone.