I just saw this yesterday in Southern Oregon... two signs for a way to 'buy a house' without a down payment. You call the toll free number on the sign (which claims to be the Free Housing Hotline), then it refers you to another number. It's not a We Buy Houses thing Doesn't sound like MLM, but does sound very strange. Don't know if it's someone local or a new business. Appreciate any info on those familiar with this. One of the signs was already sharked when I saw it.
#1. "RE: Is there a new spammer out there?" In response to Reply # 0
>It's not a We Buy Houses >thing >Appreciate any info on those familiar >with this.
Actually, it's the other end of the "WE BUY HOUSES" process.
"Creative Real Estate Investors" are the ones responsible for the W.B.H. signs, trying to find people who are desperate to sell their homes, even at far below Fair Market Value (FMV).
Once these predators acquire a property, they want to "flip it" as quickly as possible. Sure, some of them rent it out or do a "lease/purchase" deal, but most just want drain the previous owner's equity into their own pockets -- fast.
So these signs you see that say "HOUSE FOR SALE, NO CREDIT CHECK, LOW DOWN PAYMENT" etc. are simply these same people looking for someone to dump a property upon and get away with thousands of dollars.
"Bandit signs" are a favorite device for these CREI people because they tempt people who are frantic for ANY way out of a situation, even if they're going to get ripped off because of it. These signs are just as illegally placed as all the others.
#2. "RE: Is there a new spammer out there?" In response to Reply # 1
I haven't seen these on signs, but I've seen flyers in stores and ads in papers saying "HOUSE FOR SALE" with no address or picture listed. It never made sense to me that someone would advertise a house for sale without listing some particulars like where the house is located, how many bedrooms it has, or any other information a typical homebuyer would want. This explains what I've been seeing.
I've seen some signs in south Minneapolis saying "I BUY HOMES", but they haven't hit the suburbs -- at least not yet.