Is this legal?

[Amanda Long]

I’m the property owner and wanting to see if what I’m dealing with is “legal” or illegal (just plain unethical) We called a “we buy houses for cash” company out of Colorado. They gave us an offer we was content with being it was a “quick cash sale”.  They asked why we was looking into this route for selling. I explained we was on a very short timeline to purchase another property. That owner agreed to give us some time to sell. Also said I work remotely and can’t have realtors telling us when we can’t be home cause I work here. Also have 5 dogs, can’t pack them up very easily. Company said title search would take approximately 2 weeks then we pick our closing date. No showings, no cleanings, no fees. I questioned the assignment of contract. Company says oh that’s “only” so we can sell your purchase agreement to an investor in our network, no big deal! You may have an investor swing buy once in a while just to merely see the property is all. You won’t have to do anything, leave the house or none of that stuff. 5 minutes they will be gone. 

We, very stupidly signed contract and nothing is done as they said, and lead us to believe!!! 

Realtor hired, realtor showings, any time of the day can’t refuse or we (sellers) breech contract. If I got to work oh well according to them 🤷‍♀️, 26 days left till the closing date and no buyers. Even if they do get offers loan offers are off the table the closing date is 26 days away. Mortgages don’t finalize that quickly. 

The contract was written with the closing date 90 days later. Which I questioned because it was supposed to be a “quick cash sale” they said that allows time to fix any hiccups in paperwork on either end.

We knew they would make a profit, I said once you own them you can make however much money you can, I don’t care. He said well yeah we can’t sell a property we don’t own. But they knew they could with that assignment clause. 

How can they legally lie up front, during. Explaining those cover there *** clauses to save there scamming hides! 

How should they make a $50,000 profit on a property they don’t own, and mis lead us into signing there contract. 

We are 26 days out from the closing date escrow of course is not opened that’s for end buyer to do. And I have asked multiple times about closing, it’s getting close we should be discussing the final date. They will not respond back an answer at all!!! 

How is this even LEGAL????