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If you own a home, you’ve gotten the unsolicited calls and texts offering cash for your property. They’re nuisances and easily ignored. But some people get them constantly, because through public records or private intelligence, homebuying companies have guessed they might be desperate to sell.
They target homeowners after a divorce or a death in the family, for example, as well as the infirm elderly, desperate poor and people in debt. The goal: to make a profit from buying houses well below market value, then flipping them at a fair market price either to new owner-occupants or to another...…If you own a home, you’ve gotten the unsolicited calls and texts offering cash for your property. They’re nuisances and easily ignored. But some people get them constantly, because through public records or private intelligence, homebuying companies have guessed they might be desperate to sell.
They target homeowners after a divorce or a death in the family, for example, as well as the infirm elderly, desperate poor and people in debt. The goal: to make a profit from buying houses well below market value, then flipping them at a fair market price either to new owner-occupants or to another...WW…