#WeBuyUglyHouses Company Overhauls Policies in the Wake of @ProPublica #Investigation

https://www.propublica.org/article/we-buy-ugly-houses-overhauls-policies-following-propublica-investigation
https://www.propublica.org/series/the-ugly-truth

#HomeVestors franchises will be required to provide prospective #homesellers with a disclosure that includes a three-day window to terminate a sales contract.

Homeowners Trying to Get Out of “We Buy Ugly Houses” Deals Find Little Relief in State, Federal Laws
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ProPublica found few jurisdictions have laws or regulations to protect #homeowners from aggressive #RealEstate tactics short of fraud or elder abuse.

#Houses #Homes #HomeVestors #Housing #HousingCrisis #WeBuyUglyHouses #News

https://www.propublica.org/article/state-federal-laws-do-little-protect-homeowners-we-buy-ugly-houses-deals?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

How One Woman Narrowly Avoided a Bad Deal With a “We Buy Ugly Houses” Franchise
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Royanne McNair believed she had canceled her contract with a “We Buy Ugly Houses” franchise, so she pursued another offer on her house — this one for $100,000 more.

Then an anonymous envelope froze the deal.

by @AnjeanetteDamon

#RealEstate #Homes #Houses #HomeVestors #WeBuyUglyHouses #LasVegas #Vegas #Nevada #News

https://www.propublica.org/article/behind-the-scenes-of-we-buy-ugly-houses-deal?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

HomeVestors Said It Had Kicked Out a Top Franchisee Who Broke the Law.
New Evidence Suggests It Didn’t.
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The "We Buy Ugly Houses" company said it had cut ties with Cory Evans, the former co-owner of Patriot Holdings LLC, “a number of years” ago.

But texts, emails and interviews indicate he was still engaged in the business as recently as March.

#Homevestors #RealEstate #Homes #Houses #WeBuyUglyHouses

https://www.propublica.org/article/new-evidence-homevestors-did-not-cut-ties-with-franchisee-who-broke-law?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

“We Buy Ugly Houses” CEO Steps Down Following ProPublica Investigation
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David Hicks, CEO of HomeVestors of America, said in a letter announcing his retirement that recent press coverage of the company’s homebuying practices has taken a “personal toll on me.”

#RealEstate #Realty #Homes #Houses #WeBuyUglyHouses #Homevestors

https://www.propublica.org/article/we-buy-ugly-houses-homevestors-david-hicks-ceo-retirement?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

Senators, Regulator Call for More Scrutiny of “We Buy Ugly Houses” Company
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The Consumer Financial Protection Bureau said the #DOJ and state attorneys general should be made aware of predatory house-flipping practices, following ProPublica reporting on HomeVestors of America.

#RealEstate #Houses #Homes #CFPB #HomeVestors #WeBuyUglyHouses

https://www.propublica.org/article/senators-call-for-scrutiny-of-homevestors?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

Looking to Sell Your Home for Cash? Read This First.
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Cash home buyers like the “We Buy Ugly Houses” company may offer a quick and convenient sale to homeowners.

Here’s what experts say you should know about interacting with these companies.

#HomeVestors #RealEstate #Houses #Realty #Homes

https://www.propublica.org/article/want-to-sell-home-for-cash-read-this-first?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

The Ugly Truth Behind “We Buy Ugly Houses”

HomeVestors of America, the self-proclaimed “largest homebuyer in the U.S.,” trains its nearly 1,150 franchisees to zero in on homeowners’ desperation.

#news #scam #Homevestors #homesales

https://www.propublica.org/article/ugly-truth-behind-we-buy-ugly-houses

Five Stories of Lives Upended After Dealing With the “We Buy Ugly Houses” Company
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Pennee was convinced to sell the family trailer she'd inherited for 1/5 of its market value.

She's just one of several people who shared their stories of finding themselves in unwanted deals with a cash home buyer.

#RealEstate #Realty #Homes #Houses #HomeVestors #Elderly #Contracts

https://www.propublica.org/article/five-lives-upended-after-dealing-with-we-buy-ugly-houses?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post