[WSBARP] Shady House Purchase Dealings with Elder Couple

[Mark Anderson]

Who amongst you can and is willing to help here?  This just came to me from a very concerned daughter.
Older couple experiences some financial difficulty and wants to sell their house.  They are contacted by a "we buy houses" company.  Company has couple sign an " Agreement to Sell Real Estate."  (I am still working on getting a copy of that).  Company convinces couple to then create an LLC, transfer their house into the LLC, and then sell the LLC to the company under the terms of an "LLC Purchase Agreement."  Company pays the couple $25,000 in exchange for signing the LLC Purchase Agreement, which also indicates that the couple will provide seller financing for what appears to be a sale price for the house, with payment due "60-90 days after closing or sooner."  Company has couple sign an addendum to the Agreement to Sell Real Estate, which requires the older couple to be out of the house no later than May 1, 2025 and, if they are not, "they shall forfeit $200 per day to the Buyer."  Older couple is very confused about all of this.  Daughter is very concerned that her parents are being taken advantage of (and I wholeheartedly agree).
Who amongst you has successfully resolved a situation like this before and is willing to deal with that again?  In addition to being a shady dealing all on its own, this also smacks of elder abuse.
Please let me know who I can put this couple in touch with (in addition to the AG's office).  Thanks.
Mark B. Anderson
ANDERSON LAW FIRM PLLC
821 Dock Street, Suite 209, PMB 4-12
Tacoma, Washington 98402
+1 253-327-1750
+1 253-327-1751 (fax)
marka at mbaesq.com<mailto:marka at mbaesq.com>
www.mbaesq.com<http://www.mbaesq.com/>
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