The Ugly Truth Behind “We Buy Ugly Houses”
I wish more older Americans understood how these people really work. My parents live in a neighborhood that has gone down hill through the years. They called up a company who did this kind of home buying. Usual visual inspections and the like went on with a quote being issued. They saw the amount was a little over the remaining mortgage which was less than the market value of the house. They decided to ahead of time wire over $20k in cash from their bank to the mortgage company then move on with the sale. The home buyer company had been notified of the mortgage payment and immediately reissued their quote minus the exact amount transferred to the mortgage company. I wish my parents had told me their plan because businesses communicate more than they used to.