Laurie Thompson admits she needed to sell her townhouse in Smithville, Ont., fast.

The pandemic had done a number on her finances — the bar where she worked had shut down, twice — and rising interest rates meant her monthly mortgage payments of $2,000 were going to almost double last January. Thompson was facing foreclosure.

“I was desperate,” she told Go Public.

Thompson had seen street signs and posters in her neighbourhood — companies offering to pay quick cash for houses. She’d even received what appeared to be a hand-written flyer in the mail, advertising a hassle-free cash sale — no renovating, open houses, or Realtor commissions.

She hit the internet and found a company with positive reviews and attractive promises called Honest Home Buyers Incorporated (HHBI), based in nearby Hamilton.

  • @cheese_greater
    3•1 year ago

    This is somewhat evocative of that thing in The Big Short where I believe a stripper or waitress of some kind has like 7 houses and has to roll the “moment” the subprime crisis kicks in for her particular use-case

    Edit: there doesn’t seem to be any evidence in the article itself that supports the claim she was a multiple-property owner. I think the use of various buzzwords may have led to a misunderstanding. Maybe lower our pitchforks a teensy bit and defer judgement until the story expands or some eagle finds said deets

    • girlfreddyOP
      6•1 year ago

      I can’t see a reference to her owning multiple homes in the article.

      Do you have a link for that info?