If I’m understanding the story correctly

• This woman owned more than one home and could no longer afford it due to interest rate changes.
• She then decides to sell the house and “get out quick” and finds a dodgy company on the internet to give her $550k
• They pay her the money and 3 weeks later manage to sell the house for about $60k more.

I honestly don’t see the problem here. She wanted a quick exit and paid $60k in hypothetical profits for that luxury. Now miss-has-too-many-homes is playing the victim in the media.

I’m sorry you’ve lost some potential profits from house flipping, but I’m going to reserve my sympathies for people priced out of the market.

This woman owned more than one home and could no longer afford one of them due to interest rate changes.

I have reread the article multiple times and can’t find anything that said she owned multiple homes. Where did you get that info from?

That’s fair, as it was an assumption on my part, but I figured it was a safe one. There’s little advantage to getting out of a mortgage for your own home as the alternative is renting, where you basically hemorrhage cash. Unless you earnestly believe that rates will come way down in the very near future, selling your home at a loss is rarely a good idea.

If however it’s an additional home, then cutting your losses is much more reasonable as you can take the process and dump it into your actual home.