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1301 N 2nd St
Philadelphia, PA, 19122
United States

215-427-3463

Neighborhood help desk and catalyst for community engagement & action in the South Kensington neighborhood of Philadelphia

The SKCP Blog

HOMEBUYING SCAMS

South Kensington Community Partners

New legislation to limit predatory homebuyers

Many homeowners in Philadelphia receive repeated calls, letters, and visits from “We Buy Houses” residential property wholesalers offering cash to buy their homes or other property they own. Often, these wholesalers target people who are going through financial hardship and use high-pressure tactics to convince homeowners to sign agreements to sell. They target homeowners in neighborhoods with rising home values, especially in Black and Latinx communities.
These wholesalers often offer far less than the actual value of their property. As a result, long-time homeowners lose valuable wealth and family homes are lost. Before You Sell, Get Your Intel: Homebuying Scams FAQ

Legislation in City Council would curb the worst abuses in this industry.

Community Legal Services would like to hear from you if you or anyone you know has been affected by these "We Buy Houses" wholesalers. Available flyer in English and Spanish.

More details here.