They Buy Houses? Any Condition? Anywhere? Any Price? Oh Really! Sell My House Now To Them?

Again - There Are People & Companies Out There, (Yes, In Addition To Ourselves) Who Buy Houses - Who Are Honest, Capable and Ethical. There Are Some Others However, Who Lack Both Experience & Money. Some May Also Lack Ethics.

This Page Lists The Comments of People Who Felt They Were Improperly Treated Or Otherwise Disappointed By Certain People Who Wanted to Buy Their House.

Some People Who Need To Try Techniques To Buy With No Money Down Are Typically People Who Have NO (or little) MONEY To Put Down.

From a 2005 TV infomercial of the one of the most popular TV gurus: "...I'll show you more than a dozen ways to buy real estate without using one penny of your own money...My course shows you how to invest in real estate without any money. Not one penny! You just can't lose."

And here's a quote from one of the people who bought his course - someone who now tries to 'buy

houses" from people:

"We didn't have any money. We didn't have any credit. No one would help. So I bought his

course and within two weeks I bought a house with no money down..."

And from another real estate "guru"on his 2006 infomercial:

"...You'll make fast cash in real estate even with bad credit!"

One other, newer "guru", with a big smile, tells us that we can "buy property without risking a dollar of your own money." And his "system" (notice by the way that if you watch these ridiculous shows, that what they sell is often referred to as a "system"), includes a book which "shows the true secrets to buying with no money down." Ahhhh, the TRUE SECRETS!

There are some people without any money or credit (and therefore without financial stability or strength) attempting to "buy" houses. They will, out of necessity, use non-traditional methods to "buy". Do you want them to "buy" your house?

What's Your Opinion Of This?

There was a sign on telephone poles saying this person will give you cash and buy your house. This same person filed bankruptcy at about the same time his signs went up.

What's your opinion of this? What about the people he will approach making his offers and promises? Will he truly be of help to these people who need help or will these people now be at even more risk and in deeper difficulties as a result of working with him?

Here's Another One Of Potential Concern

His website says in no uncertain terms that he "buys" all types of real estate - any where at any price. Yet he has only a few thousand dollars in liquid capital and has never even done a single deal. But his site says he "buys". So, when you read his site, you may get the impression that he does this all of the time, that he has experience and a lot of money - again, because he buys any real estate at any price - so you may assume that money is "no object". Right?

Well guess what? In reality, he "buys" (as in the traditional sense as we define on page 1 of this website) nothing because he has neither the experience nor the money to do so.

So what if someone in financial trouble - with real problems - really does need someone to BUY their house and really needs this person to have the cash so that the deal will close successfully? What will happen to this unfortunate soul who ends up believing what this person and his site says? The obvious answer is that this person's difficulty will likely become far worse. It's a shame and it's wrong.

And Just One More Display Of Something Distasteful

Also in New Hampshire, there is someone who sends out letters to people who are in foreclosure and about to lose their homes. (Many people send out letters to people in foreclosure by the way - and of course they are not all like this person - although many may be). He pressures them in his letter that they must take immediate action or it will be too late. He tells them in absolute terms that he can help them and prevent them from losing their house.

We saw his letter because one of his disgusted prospective customers gave it to us.

She said that he was rude and pressured her to turn her house over to him - by signing over her deed to him. That was the way he was going to "help" her - by taking her house. He offered no money because he has no money to give. She thankfully did not succumb to his high pressure tactics and did not sign over her home (and equity) over to this thief. She told us that she'd "have to be crazy to do that".

Unfortunately though, many people in need reach for the first hand or person that seems to offer a solution. The problem is that far too many offering their "help" are simply looking to take what little these people have left. We can only hope that somehow, these people are stopped and innocent people will no longer be hurt - and that "what goes around will come around."

Do you really want to sell your house to someone who has little or no money or who bought a course written specifically to teach people schemes to take control of your house without one penny of their own money?

If I need to sell my house, I want to know that it will be done, for sure and traditionally. I want my Buyer to actually have money, or be pre-approved for a mortgage.

I do not want any strings attached - I want the deal done. Just my opinion.

What Some "Investors" Try To Pull Across The Country Is NOW ILLEGAL - A Misdemeanor (JAIL TIME!) In Maryland. Gee, Do You Wonder Why They Made This Illegal???

Maryland Bill Stems Foreclosure Scams

Gov. Robert Ehrlich of Maryland has signed into law a bill that aims to prevent "foreclosure rescue consultants" from stripping the equity of cash-strapped homeowners who turn to them for help, reports The Washington Post.

When these consultants require homeowners to turn the deed over to them while they make the overdue mortgage payments but then take permanent ownership of the home before the rightful owner has a chance to buy it back, they will face misdemeanor charges carrying jail sentences of up to three years.

The legislation also requires lenders to inform homeowners of pending foreclosures within two days of filing the necessary paperwork. Previously they had to make the notification only 10 days before the actual foreclosure sale. Reprinted from The RealtyGram Blogger

To Protect Yourself, You MUST Learn And Benefit From The Experience Of Others. Please read on...

In summary,

1. There are many people out there trying to "buy houses".
2. Some are just TV infomercial graduates who are out of work or not earning enough money and are

trying to "get-rich-quick".
3. Some will have signs, ads and slick sales pitches telling you they can and want to buy your house,

some will even say for cash.
4. Some have little if any money or even the ability to qualify for a mortgage to buy a home.
5. They cannot actually make a legitimate offer to simply buy your house for cash, with their own

cash, or with a mortgage, and actually take title in their own name.
6. They will therefore, use some scheme to try and take control of your property without their actual

use of all cash or a mortgage to actually "buy it" the way most people think of "buy". What they

are trying to do is a "no money down" or "little money down" deal.
7. They'll tell you they represent other people who do have the money or tell you some other story

that will make you think they have the money to buy.
8. If you ask for the actual proof that they have the money by having them show you actual,

legitimate, current bank statements with the actual cash in their name, they won't be able to

produce it. (And if they do, call their bank Manager to verify it.)

So why are you seeing this topic again on yet another page in this website?

Because we hear so much of it, so often. And, because so many people have either wasted their time, or worse, were put in dangerous circumstances by dealing with the slick and misleading people who said they wanted to buy their house and help them.

Maybe you can learn and benefit from the experience of others. So as long as we are getting this feedback, we thought we would make it available to you.

Review it, form your own opinions and take the course of action you think is best. Again, screen everyone carefully - including us.

1. "...I called one of those signs...I talked to one investor...I wasn't even sure who they were...They

really pxxxd me off...They wanted to know all kinds of personal information...I didn't know them

from a hole in the wall...There was something about her attitude...(~I didn't like her at all). They

didn't give me a good feeling..." SE, NH

2. "We have been having trouble selling our house. Real estate agents will not work for you. The

we buy houses want to take the house and pay over 3 years. We just want to sell our house..."

JP, Ohio

3. "...All we were asking for is to pay off the mortgage...We don't want someone to just "take over

payments", we want someone to BUY this house..." SK, Minnesota

4. "...He takes part of our equity now and whenever he sells the place we get some money! If he

sells it all! We were NOT very fond of that option at all!" LJ, NH

Remember - some will tell you how easy it is to work with them - how simple it will be for them to "buy" your house and for you to "sell" it to them. Make sure you ask them, specifically to define what they mean by "buy" and "sell". It may NOT be what you expect.

And if it sounds like it might be ok, GET IT IN WRITING and TAKE THE TIME TO READ IT AND UNDERSTAND IT. You may wish to sleep on it and not make any decisions while they are pressing you sell. They probably won't like that idea at all. Gee....wonder why?

5. "...I called other investors who had signs on the trees and an ad. None of them impressed me.

They acted like they wanted to be my boss. I didn't care for that. It's MY house. (One person's)

attitude really threw me way off..." KS, NH

6. "...I contacted another one (of the we buy houses types). He called me back and asked me "is

your mortgage assumable?". And I said, "well that doesn't make any sense to me." Why would I

want to do that???..." DK, Massachusetts

The horrible stories we hear usually begin something like this one:
"...I met one of those slimy characters..."

7. "...I met one of those slimy characters. He offered us like $120. I thought that I had wax in my

ears or something...It seemed to me that he was just trying to get it at the cheapest dollar

possible...I answered a "we buy houses" ad in the paper. I learned very quickly that outside of

yourself, I haven't spoken with anyone in your industry that I trusted or felt was trustworthy."AM, NH

8. "...I've been in the mortgage industry for a long time...I've done mortgages fro some of those people

to watch out for - those people you talk about on your website..." SE, NH

Remember This...

Some Of The People Who Want to "Buy" (And We Use That Word Very Loosely!) Your House Are Possibly DESPERATE To Do The Deal.

They Have Little Money. They've Been Laid Off Or Aren't Earning Enough Money. They NEED To "Get Rich Quick". That's Why They Are Likely To PUSH & PRESSURE YOU Into Something You Probably Should Avoid Like The Plague - As This Person Felt...

9. "...He keeps coming by. We had to slam the door in his face!" LF, Manchester
10. "...Yeah, we had one of those ("buy houses") guys here. It was kind of a backwards scheme he

was pushing...Getting a renter in here and blah blah blah. It wasn't like we were really selling the

house to him (although he said he "buys houses"). It was we were getting a renter in here. If we

wanted to rent it we would rent it. Another ("buy houses") guy from Massachusetts was supposed

to come up. He never showed up. And didn't call..." DC, NH

And about another local, Manchester, NH - area "investor". It's a shame.

11. "...He kept on banging on our door. He kept coming back. We told him we weren't going to sell

but he kept coming back!..." SW, Goffstown

12. "...A lot of those we buy houses are looking for someone who is really desperate and they don't

give you what you need. And a couple of people I spoke to said that was not really the way to go.

A lot of those are scams. You can't trust them..." SM, Berlin

Here's someone who lived in Florida & NH - and has seen it all....

13. "...I've seen those signs and ads here and it's huge in Florida. What they do is give you some up

front cash but don't actually buy the house. They keep the house on the market. That's exactly

what that TV informercial program stuff is. They're not buying anything...Some say they're going to

assume the mortgage..." MM, NH & FL

As another person suspected, the people who say they buy houses likely don't have any money or ability to do what they say on their signs and ads - maybe that's why they don't return calls!

14. "...Yep. I've seen all those and that's why I'm trying to do my homework. I've left messages and

emails and nobody's gotten back to me." C, New York

15. "...They just didn't seem real..." MG, Kentucky

16. "...I got letters (from people who wanted to buy my house). I threw them out..." TG, NH

17. "...I'm petrified of those people and their signs!" J, Loudon, NH

18. "...He offered to lease to own. They are not interested in really buying it. I didn't trust that they would make the payments. I don't want the debt under my name...That didn't sit well with me...RD, AL

19. "...I talked to a couple (of we buy houses investors) but they didn't want to pay anything. One guy wants to lease the house and another wants to do something else with it...And I'm like "I don't think so!"..." LC, NH

20. "...I couldn't talk him out of the deed!" PB, NH

21. "...He didn't seem real..." MG, KY

22. "...I've seen all those signs...Losers!..."C, NY

23. Two investors here in the greater Manchester area were described as a "money scandal" and made

a "poor impression" by TK of Fremont.

24. "I spoke to XXXXX. He was not forthcoming with lots of details and information. He just offfered to

auction it. I think it's horrifying to have someone auction off your house." D, NH

25. As you'd expect most of the so-called "investors" are not the least bit professional in their

approach as this person felt: "...I filled out a lot of forms. I don't hear back. People don't

call back..." DG, MI

26. "...He didn't want to actually buy my house...he wanted to auction it..." TM, MA

27. "...It was iffy. It didn't settle well with me or my husband..." TG, IL

IMPORTANT: Again, as has been stated several other times elsewhere in this website, please note that the comments here and elsewhere in this website are not meant as a criticism of any particular person or organization.

There are some legitimate people (some who may be attorneys, appraisers, real estate agents and others) who use versions of some of the ad slogans above.However, the fact is there are some inexperienced people without enough money out there trying to "buy houses".

These are our opinions and those of others presented for your consideration. Our hope is that you work with a company that can help you, whether or not you choose to work with us. CAREFULLY SCREEN US - CAREFULLY SCREEN EVERYONE. Form your own opinion. Make smart decisions.

You can and you must do it!