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In July 2004, the company launched a real estate-owned (REO) program. HomeVestors purchased single-family houses from its franchisees and called them "ugly notes". They were then sold to third party note purchasers. By the end of 2004 the firm had moved to a larger headquarters. A new mascot was launched, “UG” the Caveman.
The reason “we buy houses” companies so often buy homes in as-is condition is that they are typically fix-and-flip operations: Their business strategy is to acquire lower-priced distressed or ...
We agree that honesty is the best policy in life, love and, yes, listings. But although mama might not have told you so, a little white lie never hurt anyone. Well, at least not being so bluntly ...
Two of the biggest national cash buyers operate in San Antonio: We Buy Houses and HomeVestors (which, somewhat confusingly, is often called the “we buy ugly houses” company).
Another big outfit serving the Raleigh area is HomeVestors (perhaps better known as the “We Buy Ugly Houses” company). They also make fast cash offers and can close in as little as three weeks.
Seventy percent of the cases sampled in the 2014 report lacked required information about whether anyone had complained and whether complaints were resolved, indicating the bank’s mechanisms for dealing with grievances were “box-checking” exercises that “existed on paper but not in practice,” the in-house reviewers wrote.
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