How one woman narrowly avoided a bad deal with a 'We Buy Ugly Houses' franchise for a home in Ohio
In the year since her husband died, Royanne McNair felt increasingly lonely in North Las Vegas. With most of her children and grandchildren in the Midwest, she decided to sell the house she and her husband had already paid off and move back to Ohio.Eager to find a buyer for the well-maintained, four-bedroom stucco house, she called a local“I got a letter through the mail. That’s why I called them,” McNair, 69, said of the company known for its “We Buy Ugly Houses” slogan.
The Black Rock representative countered by offering to raise the sales price by $14,000 — which McNair considered and even verbally agreed to, before calling again and asking to be let out of the deal. She said she didn’t hear back from the company after that.found that HomeVestors franchises sometimes deploy aggressive tactics to bind homeowners to sales contracts, even when they no longer want to sell their homes, including filing lawsuits and recording documents on the property’s title.
McNair was ecstatic. The new deal was set to close July 14. A search for lawsuits, liens and other obligations against the title that would prohibit the sale came back clear. She was on her way to getting to Ohio by the end of the month. In McNair’s case, there was no public record trail to show who had sent the Black Rock contract to her escrow officer. In a brief phone conversation with ProPublica, however, Bassett acknowledged that his office did so. It did it because the escrow officer had refused to discuss the deal, noting that Black Rock wasn’t a party to the sale, he said.
“When we did get the opportunity, we did the right thing,” he said, chalking it up to a “misunderstanding.” Steve Silva, a Nevada real estate lawyer since 2013, said he also has never heard of a contract appearing anonymously during escrow. The typical way of staking a claim to a property is a lawsuit demanding the seller be held to the contract, he said. That’s the type of action HomeVestors has told its franchises to take only rarely.
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