4 ms·
ProPublica did a whole series on one of the larger "Cash for your house" type businesses. It seems they're really trying to extract cheap homes from distressed
by no_wizard 3y ago
ProPublica did a whole series on one of the larger "Cash for your house" type businesses. It seems they're really trying to extract cheap homes from distressed sellers with pressure tactics[0][1][2][3]
[0]: https://www.propublica.org/article/ugly-truth-behind-we-buy-ugly-houses https://www.propublica.org/article/ugly-truth-behind-we-buy-...
[1]: https://www.propublica.org/article/behind-the-scenes-of-we-buy-ugly-houses-deal https://www.propublica.org/article/behind-the-scenes-of-we-b...
[2]: https://www.propublica.org/article/state-federal-laws-do-little-protect-homeowners-we-buy-ugly-houses-deals https://www.propublica.org/article/state-federal-laws-do-lit...
[3]: https://www.propublica.org/article/want-to-sell-home-for-cash-read-this-first https://www.propublica.org/article/want-to-sell-home-for-cas...
- bombcar 3y agoThe other side of this "scam" is that people are being sold how to "get rich quick" in real estate for $5k seminars (which boil down to "offer people 30% below market value and hope you get people who are dumb/desperate enough to sell").