Fall Member Drive: Stand up for the power of an informed public.
Donate Now
Skip to content
ProPublica
Donate
ProPublica
Donate

The Ugly Truth

Inside the “We Buy Ugly Houses” Company

HomeVestors of America claims to be the country’s largest cash homebuyer and says it helps homeowners out of jams. But a closer look reveals that the company trains its franchisees to cash in on homeowners’ desperation.

Impact of Our Reporting
Caret

The Ugly Truth

“We Buy Ugly Houses” CEO Steps Down Following ProPublica Investigation

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.”

The Ugly Truth

Senators, Regulator Call for More Scrutiny of “We Buy Ugly Houses” Company

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.