Lummis Defends Wyoming Homeowners Against Predatory Home Buyers

U.S. Senators Cynthia Lummis (R-WY) and Tina Smith (D-MN) sent a letter to the National Association of Attorneys General recommending that state attorneys general take steps to protect homeowners from predatory home-buying practices. Senators Lummis and Smith were concerned by recently reported allegations that some franchises of HomeVestors of America, commonly recognized by their advertising catchline, “We Buy Ugly Houses,” were targeting elderly and ill homeowners. The letter details alarming and misleading practices wherein some franchisees allegedly targeted vulnerable homeowners and communities, using deception and coercion to close sales, and employing complex legal maneuvers to prevent their victims from backing out of sales despite unfair conditions.

The letter recommends that state attorneys general inform consumers, undertake a coordinated response to repeated complaints and advocate for tools that empower homeowners. Homeowners who believe they may be a victim of real estate fraud should contact their state attorney general and local law enforcement.