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peggysue2

(12,191 posts)
43. My husband and I have been inundated with these offers for over 5 years
Sat Jul 22, 2023, 12:30 PM
Jul 2023

Not for our current home but my mother-in-law's house, a dwelling left to us upon her death. We were receiving letters, postcards and calls even before we moved out of Tennessee and moved temporarily into the house, a 19-month way-stop until finding a home in Delaware.

Because the house is old (late 30s, early 40s) with no mortgage (also few conveniences), I assumed these outreaches were from investment/flipping companies looking to pick up the house cheap to turn a quick profit.

Once we're reasonably settled in our current house, we'll turn our attention back to the PA home--cleaning it out, doing very basic repairs and put it up for sale. If we have trouble selling the place, we might turn to one of the cash buyers (they're all over the place anymore) and see what they offer. I sense we'll need to be careful.

Lots of scammers out there!

Btw, we've also received similar cash-buy offers on our younger son's home. Which drives him crazy. We're not on the mortgage, have no connection to the property other than sharing the same last name.

Strange.

Recommendations

0 members have recommended this reply (displayed in chronological order):

I haven't had a mortgage in 30 years and they're trying to buy marybourg Jul 2023 #1
Thanks for the input, the more data the better :) (nt) Hugh_Lebowski Jul 2023 #2
I get "offers" by text every other day or so. QED Jul 2023 #3
Me too clouds Jul 2023 #4
the last one-- I answered, "Over my dead body!" viva la Jul 2023 #5
I own my house completely, and I've never had one of those calls thank god. BlackSkimmer Jul 2023 #6
This is my experience as well. nt Nittersing Jul 2023 #40
We own and haven't had a mortgage in 20 years & Quakerfriend Jul 2023 #7
As I was finishing up the last payments GreenWave Jul 2023 #8
Lol, good one! (nt) Hugh_Lebowski Jul 2023 #10
Around here it is hedge fund investors buying up homes to rent them out at a very high rent. pwb Jul 2023 #9
Yeah, that was the other thing I wondered about ... Hugh_Lebowski Jul 2023 #12
And if a hedge fund buys property with cash they don't pay interest or points ... Auggie Jul 2023 #20
I got a bag of corn on the cob a few months ago Chautauquas Jul 2023 #11
Not currently MissB Jul 2023 #13
Thankfully, No ProfessorGAC Jul 2023 #14
I get a post card every now and then and pwb Jul 2023 #16
I See Those Signs ProfessorGAC Jul 2023 #17
I get these for the home I sold 3 years ago Shrek Jul 2023 #15
I got an offer to buy my property in Billings Montana. I don't oun property in Montana, never have. doc03 Jul 2023 #18
If the money lenders come after my house, they better bring a tank. Chainfire Jul 2023 #19
I get this multiple times a day... Juneboarder Jul 2023 #21
Oooh, 2.25% NIIIIICE!!! Hugh_Lebowski Jul 2023 #23
We own our home and the number of people trying to buy it has decreased Croney Jul 2023 #22
we're paid off and get postcards or other mail pretty yellowdogintexas Jul 2023 #24
I have a small place in the Mojave desert ripcord Jul 2023 #25
Side story... WarGamer Jul 2023 #26
We don't get any such calls, mail, or texts but phylny Jul 2023 #27
I get at least 1 call or letter every week mainer Jul 2023 #28
The only way a loan company can benefit or an individual is if the Mortgage is assumable... Demsrule86 Jul 2023 #29
Paid off years ago, constant calls to buy Maeve Jul 2023 #30
Yes, no, and no, but that's misleading DFW Jul 2023 #31
We have a 2% rate Sympthsical Jul 2023 #32
I have a mortgage with a low rate. Wish my principal had been higher these last few years gulliver Jul 2023 #33
No mortgage for years. No calls but get DM couple times a week. Prairie_Seagull Jul 2023 #34
Answer: no. brooklynite Jul 2023 #35
Had a dude call yesterday... Happy Hoosier Jul 2023 #36
Interesting theory. Yes I get calls around the clock ecstatic Jul 2023 #37
I'm not sure who those assholes are that keep calling my phone. GoodRaisin Jul 2023 #38
I thought there was a creative speculation forum for this type of stuff Snooper9 Jul 2023 #39
I used to get those calls/texts/letters but no longer jmowreader Jul 2023 #41
We're at 3% Johnny2X2X Jul 2023 #42
My husband and I have been inundated with these offers for over 5 years peggysue2 Jul 2023 #43
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