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Stock impact report

Are 'we buy houses' offers a rip-off? How to know if you're getting scammed. [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
"We buy houses!" "Get cash for your house!" "We buy UGLY houses!" Those "we buy houses" signs still show up in cities across America. Sometimes the message is spread through social media, online ads, and postcards. Perhaps you've received a text offering to buy your house The cash offer scheme has a long history — and recently triggered a national press investigation. Here's how to determine if an offer to buy your house is the real deal or a scam. Read more: Is it a good time to sell your house? This embedded content is not available in your region. A national investigation of 'We Buy Ugly Houses' Nonprofit newsroom ProPublica launched an investigation in 2023 of the "We Buy Ugly Houses" company HomeVestors. The report claimed some franchise offices "... used deception and aggressive sales tactics to persuade homeowners in vulnerable situations to sell their homes for far below market prices." Some sales contracts were just about impossible to void after being signed, t Show less Read more
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