Senators Call for More Scrutiny of “We Buy Ugly Houses” Company - Wholesaling Incuded

[Account Closed]

Oops, who couldn't see this coming with the Wholesaling & Subject To (no money needed) craze being poorly taught?

Oh well, he served his sentence on probation and now has a record.

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Senators, Regulator Call for More Scrutiny of “We Buy Ugly Houses” Company


The Consumer Financial Protection Bureau’s head said the Department of Justice and state attorneys general should be made aware of predatory house-flipping practices, following ProPublica reporting on HomeVestors of America.

https://www.propublica.org/article/senators-call-for-scrutin... 
Five Stories of Lives Upended After Dealing With the “We Buy Ugly Houses” Company

https://www.propublica.org/article/five-lives-upended-after-...

"Meanwhile, criminal investigators in Ventura County took an interest in the case. After they found a second elderly victim who was pressured by Evans into selling his house, the district attorney filed felony charges against Evans of attempted grand theft of real property and attempted theft from an elder. He pleaded guilty to two counts of attempted grand theft"

The Ugly Truth Behind “We Buy Ugly Houses”

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

[Jay Hinrichs]

Quote from @Mike Schorah:

Quote from @Account Closed:

Oops, who couldn't see this coming with the Wholesaling & Subject To (no money needed) craze being poorly taught?

Oh well, he served his sentence on probation and now has a record.

**************************************************************

Senators, Regulator Call for More Scrutiny of “We Buy Ugly Houses” Company


The Consumer Financial Protection Bureau’s head said the Department of Justice and state attorneys general should be made aware of predatory house-flipping practices, following ProPublica reporting on HomeVestors of America.

https://www.propublica.org/article/senators-call-for-scrutin... 
Five Stories of Lives Upended After Dealing With the “We Buy Ugly Houses” Company

https://www.propublica.org/article/five-lives-upended-after-...

"Meanwhile, criminal investigators in Ventura County took an interest in the case. After they found a second elderly victim who was pressured by Evans into selling his house, the district attorney filed felony charges against Evans of attempted grand theft of real property and attempted theft from an elder. He pleaded guilty to two counts of attempted grand theft"

The Ugly Truth Behind “We Buy Ugly Houses”

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

I’m not a big fan of recording memorandums because from what I’ve heard, you can get into big legal trouble and you’re clouding the title and you can get countersued. I don’t think I would record a memorandum unless I consulted an attorney.

When a seller is over 65, my plan has always been to talk to family members beforehand. You can’t sign contracts with people that are mentally impaired. You can’t sign contracts with people that are inebriated or drunk. That’s contract law in the United States.

I never make people sell me a house.

I would hope that a title company wouldn’t allow a contract of someone with neurological problems to happen.

How it was explained to me… If you defame someone’s title, they could sue for big damages. They will break it down on cost per day and their pain and suffering and the biggest part is the lawyer fees.

does not matter if you talk to an attorney or not.. U get sued or criminal charges the fact that you had an attorney is moot.  And I suspect most competent attorneys would advise you to let the other party know that they MUST consult their own attorney and get it blessed.. that's how I have handle elderly sellers.. I make then consult their OWN attorney.. Once they consult their OWN attorney and that attorney blesses the transaction your basically off the hook for any liability.