‘We Buy Ugly Houses’ business implicated in major fraud
Cash-for-houses deals are attractive to sellers and investors.
You just can’t miss those “We Buy Ugly Houses" signs. In some cities, it seems like the bold black-on-yellow pitches plastered on telephone poles and open spaces have become a fixture in neighborhoods — promising fast cash for distressed homes, no questions asked.
Selling a house for cash is appealing for some homeowners because of how fast the transactions can go through.
In some cases, the deal can be done in a week. Often no appraisals or inspections are required, since the terms are usually “as is.”
