Plus: The company said it had kicked out a top franchisee who broke the law. New evidence suggests it didn’t.
The Big Story
Fri. Jun 30, 2023
David Hicks, CEO of HomeVestors of America, said in a letter announcing his retirement that recent press coverage of the company’s homebuying practices has taken a “personal toll on me.”
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More From This Investigation
The company said it had cut ties with Cory Evans, the former co-owner of Patriot Holdings LLC, “a number of years” ago, but texts, emails and interviews indicate he was still engaged in the business as recently as March.
HomeVestors of America, the self-proclaimed “largest homebuyer in the U.S.,” trains its nearly 1,150 franchisees to zero in on homeowners’ desperation.
The “We Buy Ugly Houses” company held a virtual meeting for its franchises to outline a plan to “minimize visibility” of our investigation.
ProPublica found that HomeVestors franchises often target the homes of people in vulnerable or desperate situations. These are the stories of five people who found themselves in unwanted deals with a cash home buyer.
The Consumer Financial Protection Bureau’s head said the Department of Justice and state attorneys general should be made aware of predatory house-flipping practices, following ProPublica reporting on HomeVestors of America.
Cash home buyers like the “We Buy Ugly Houses” company may offer a quick and convenient sale to homeowners. Here’s what experts say you should know about interacting with these companies.
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An angry parent confronted a New Jersey school board president, accelerating a chain of events that pushed the board to the right.
Despite legislative setbacks, state leaders and Gov. J.B. Pritzker say they remain committed to stopping schools from continuing to use police to punish students.
Insurers’ denial rates — a critical measure of how reliably they pay for customers’ care — remain mostly secret to the public. Federal and state regulators have done little to change that.
Bob Naedele died in 2018 after receiving a heart infected with the parasite that causes Chagas disease. The change in U.S. screening policy could prevent such deaths in the future.
ProPublica and the Detroit Free Press found that Baker College spent more on marketing than it did on financial aid. Now, the school faces an inquiry by the U.S. Department of Education.
Decades of negotiations between the tribe and Arizona over water rights have proven fruitless. The court case was the Navajo Nation’s bid to accelerate the process and secure water for its reservation.
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The Journal editorial page accused ProPublica of misleading readers in a story that hadn’t yet been published.
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