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This is something that is legal and people do sell off their homes in the belief that the costs are too high to try to sell through any conventional means. The companies that do this aren't too morally capable I think. They usually pay quite a bit less than the actual worth of the house or property.
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Cash for your house.
I have read signs in every state and all over the place that advertise Cash for your house! Is this for real? Do people really see these horrible signs and say, Hey, I need some cash, and I have a home ? It looks so unscrupulous and underhanded.