Yes, I know they’re scummy as fuck. Yes I know they’re gonna turn it into yet another overpriced rental. But I’m mostly asking if they’re otherwise legit.
I get those offers all the time and typically shitcan them immediately. The most recent offer I got is for twice what I paid for the place, and honestly, it’s enough to be my ticket out of this backwards-ass shithole state. Otherwise, barring a surprise lottery windfall, I’m stuck here for the foreseeable future.
Assuming all is above board, the main concern I have is if it’s worth that much to them, wouldn’t it be worth that much to me? FWIW, I like my house and my neighborhood, but it sadly exists within a shithole of a redneck state where I’ve been disenfranchised all my life, and I want the fuck out of here.
Edit: Thanks everyone. I knew they were scammy/scummy but several of the replies cleared up how they operate, and it’s scammier than even I was thinking. Back to buying my weekly lottery ticket and hoping for the best. 🤞
You would be surprised. The folks running these scams know the law (and the bureaucrats who actually manage it) way better than you. And they know the buttons to press that fast-track their complaints against you way better than you know the defenses you can employ.
This isn’t a question of the strict legal verbiage or the spirit of the law. This is a question of experience navigating bureaucracies, and the general bias they show in favor of landlords over tenants. They’ll be able to move faster because they’ve done this (or worked with people who have done this) repeatedly. Unless you’ve got an (often expensive) legal counsel, you’ll be stuck trying to explain yourself to a sheriff or a judge long after your title has been traded to a third party who doesn’t care if you were ever rightfully compensated for your sale or not.
And if you could afford private legal counsel you wouldn’t be considering selling to this kind of scummy service in the first place.
They know exactly who their “customers” are.
Can you provide a single example of someone buying a house with a check that bounces and successfully evicting the rightful owners despite not paying for the house?
Where I live that transaction would be void by statute. No court would process an eviction or lien if they the buyer did a felony to get the deed signed over.
I havent seen that but I have seen several examples out of Texas (youtube news segments) where someone straight up forges sale documents, demolishes the house, and then the property rapidly changes hands between shell companies before landing in the portfolio of a developer.
Legal evictions aren’t a rapid process. There would be plenty of time to provide the court with documents proving fraud.