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Money for nothing: Cash offers to Triad homeowners ended up costing them plenty
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A Lee Enterprises, Incorporated newspaper. Majority shareholder: David Hoffmann, Hoffmann Media Group.
Money for nothing: Cash offers to Triad homeowners ended up costing them plenty
- Kenwyn Caranna
- Mar 25, 2023
- Mar 25, 2023
- 0
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GREENSBORO — After she totals it up, Patricia Bandy figures she probably lost more than $40,000 when she agreed to take about $900 from MV Realty in 2021.
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'Quick cash' offer to North Carolina homeowners wasn't exactly what it seemed
Those who signed up often did not know they were locking themselves into a 40-year agreement, a lien on their home and a penalty of 3% of the home's value if another real estate firm or the owner handled the sale.
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Patricia Bandy, one of the victims of MV Realty, says allowing the Florida company to list her home "didn't do me any favors."
Allison Lee Isley, Winston-Salem Journal
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Guilford County Register of Deeds Jeff Thigpen talks about fraud and one way to detect it if involves your property.
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Patricia Bandy, one of the victims of MV Realty, says allowing the Florida company to list her home "didn't do me any favors."
- Allison Lee Isley, Winston-Salem Journal
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