72 Sold Lawsuit: Involve Allegations Against 72SOLD

72 sold lawsuits involve allegations against the real estate company 72SOLD, which promises to sell property in 72 hours. The company has recently come under the spotlight due to the allegations cast on the company’s operations. Among the major claims are misleading advertising, hidden fees, and unfair business practices. This has put the integrity of this high-profile business model under fire. Over 1,000 homeowners have joined this lawsuit and claimed that this company is making fake promises. If you want to know all the details regarding this lawsuit, give this article a quick read!

This real estate company became famous due to its unique home-selling strategy. They claim to sell your house in a short period of 73 hours. In this way, sellers can get paid for their property before they even get listed on MLS, Zillow, or Realtor.com. Not only that, it also offers about 1.25% cash back at closing.

Moreover, they also offer higher convenience, certainty, and higher sale prices compared to other real estate companies.

They managed to fulfill their promise to some extent, as seven independent studies show that clients of this company got higher sale prices in comparison with the other companies. Another independent study claimed that they sold property for a median price 7.8% higher for the last 10,252 homeowners. The company allows its sellers to set their closing date so that they do not have to sell their property for a lower price. Enhance your understanding by reading our in-depth post on 72sold.com Reviews.

There are three main allegations against them, which are as follows:

This company claims to sell the property in 72 hours. However, many users complained that they did not sell the property in the time they mentioned. This has led to accusations of misleading advertisements.

Many of their clients claimed that they were charged unexpected fees that were not disclosed at the time of the agreement. This has led to the claim of violating customer protection laws, as transparency regarding costs is very crucial in the real estate business.

They are involved in unfair business practices. There are claims that they exploited customers and took advantage of sellers. Moreover, some clients claimed that they do not provide proper disclosures. Find valuable tips and strategies in our article about Why is The 1944 Penny Rare.

72 Sold company has denied all the allegations and emphasized that they follow ethical practices and are transparent in their dealings with clients. According to the company:

If you are also affected by their fraud, you can take the following measures:

By following these steps, the affected clients can protect their interests from the grievance.

The ongoing lawsuit will have an impact on their future. As the company is running its business successfully and continues to expect, the case outcome will decide how the company will work in the future. If they win the case in court, they will probably grow in the future due to their unique business model. 

However, if they lose the case, it will indicate that their business model has failed, and the people will be rather reluctant to connect with them to sell their properties. However, it is important to note that their failure would highlight the challenges and complexities faced by businesses that have unique business models in real estate.