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I wonder if the company actually took ownership of the house or just managed a purchase for the employee. I knew someone who worked for the federal government

I wonder if the company actually took ownership of the house or just managed a purchase for the employee. I knew someone who worked for the federal government and relocated for a job and took advantage of this kind of benefit. But I don't believe the federal government actually took ownership of the house - I think it was more like, they found the best quick cash offer, and then paid out the amount between that and the appraised value. So the employee gets rid of their house for the appraised value, the employer gets the employee where they're needed and some house flipping company gets some inventory.

brewdad 4y ago
In our case, we put the house on the market through a realtor of our choosing. Once we had a finalized offer, the company (probably a third party of some sort) took ownership of the house and paid us the offer price. At that point, had the buyer pulled out it would have been the companies problem. This was a like three housing market cycles ago and the market was in an upturn, so there really wasn't much risk to the company. Another buyer would have been along right behind the first.