Legal

Disclosures

The things that are easy to leave out of marketing, collected in one place so you do not have to hunt for them.

Draft — under legal review

This is a complete draft, not a signed policy. It is published so you can see what we intend to say and hold us to it. A US attorney is reviewing the final wording, and the notes in square brackets are the decisions still open.

Who we are

We buy houses for our own account and together with our buying partners. Nobody here is working for you.

We are not real estate brokers or agents, and we are not acting for you.
A named buying entity, either us or a partner, appears in your paperwork before you sign.
The buying entity is Hatka Holding Inc..
Nothing on this site is legal, tax or financial advice.
Talk to your own attorney and your own CPA before you decide anything.

Samples, not offers

Everything you see before a signed contract is an illustration. It shows how a structure would work, using estimates.

Every number on this site is a range or a typical figure. The document we email is watermarked as a sample on every page.
The terms shown are illustrative. A real offer follows an inspection, a title search and verification of any loan payoff.
Nothing on this site is an offer to purchase, and nothing you do here obliges you to sell.

About the value estimate

A model estimates what a house is likely to sell for. It has never seen the house, and it can be wrong.

Value figures come from an automated valuation model, not an appraisal.
Automated estimates are least reliable for unusual houses and in areas with few recent sales.
Where the estimate is too uncertain to be useful, we show no numbers at all rather than guess.
On screen you see ranges. A single estimated figure appears only inside the sample document, labelled as an estimate.

About the cash comparison

The cash column exists so you can compare like with like. It is a benchmark built from public rules of thumb.

The cash column uses typical cash-investor math: about 70% of value, minus repairs, minus any payoff.
It is a benchmark, not a quote, and it is not any particular buyer’s offer.
A real cash buyer may offer more or less, depending on the house and on their own numbers.

About multi-year totals

A big total across ten years is the easiest way to mislead someone in this business. So we show both figures.

A total paid over ten years is not the same as money today.
Wherever we show a multi-year total we also show it discounted to present value, at a rate we state.

What protects you in every structure

These are written into the offer, not promised on a call.

Payments go through a licensed third-party loan servicer, so there is an independent record of every payment and you receive statements.
Your note is secured by a mortgage or deed of trust on the property, recorded at closing.
You keep the right to verify at any time that payments are current, with the servicer or directly with the lender.
Property insurance stays in force with you named as an additional insured, with proof at closing and at every renewal.
Independent attorney review is encouraged before anything is signed, and we will wait for it.
A written cancellation window applies where state law requires one.
Where we or a buying partner take over an existing loan, a deed back to you is also held in escrow with a performance clause.

If we take over an existing loan

Most mortgages contain a due-on-sale clause. The lender may demand payment in full when the property changes hands.

That is a legal question about your own loan documents, so have your attorney read them with you.

The loan stays in your name until it is paid off or refinanced.
A deed back to you is held in escrow with a performance clause: if the payments stop, the property returns to you.
Everything in the section above applies here too: the servicer, the insurance and your right to verify.
Lenders rarely call a loan that is paid on time and insured. Assume it is possible anyway before you sign.
If it happened, the plan is written into the paperwork before closing: refinance, pay off, sell, or hand the property back to you.

Point-of-sale inspections in Ohio

Many Cleveland-area suburbs run point-of-sale programs. The city inspects the house before title can transfer, and repairs may have to be escrowed.

A transfer of title triggers those rules, and both a loan takeover and a seller-financed sale transfer title.

Where a program applies, the inspection adds cost and time, and both go into the written offer.
The City of Cleveland also requires a certificate of disclosure before a transfer. [Counsel: verify per municipality.]
Sample figures on this site do not include a point-of-sale escrow, because it depends on the inspection.
Rules differ from suburb to suburb, so we check the municipality before putting numbers in an offer.

We are not a foreclosure-rescue service

We buy houses. We are not a foreclosure-rescue service, a loan-modification service or a credit repair service.

We do not act between you and your mortgage company, and we make no promise about what your lender will do.

If you are behind on payments, free help from a HUD-approved housing counselor is listed on our behind-on-payments page.
A HUD-approved counselor charges you nothing, and talking to one first is a sensible thing to do.
We charge you no fee at any point. We are a buyer, not a service you hire.
Where a state regulates purchases from an owner in default, its notices and its cancellation window apply.

Agents and commissions

This is the promise we make to a listing agent, in the same words we use on the agents page.

Commission: paid at closing through your brokerage, in writing. The amount goes into the written offer once we have seen your listing agreement, which also states who funds it.
Commission is paid at closing through the brokerage, under the listing agreement or a written compensation agreement.
We make no side payments to agents and no referral fees to unlicensed people.
The agent stays the agent of record, and the sample document goes to the agent, never to the seller directly.
We name no amount and no percentage on this site, because the amount comes from the listing agreement.

Our buying partners

Some purchases are made with buying partners, and a partner may be the buyer of record.
Partners take on the promises made on this site in writing before a lead reaches them.
What is shared with a partner, and on what terms, is described in the privacy policy.
You can tell us not to share your details with a partner at any point.

Where AI is used, and where it is not

The phone number on this site is answered by an automated assistant. It identifies itself at the start of every call and calls are recorded.
Callbacks are made by a person. We do not make automated outbound calls.
Educational audio and video produced with AI is labelled "AI-generated educational content" wherever it appears.
The figures in your sample document come from our own calculation engine, not from a language model.

No testimonials yet

The rule is simple. If a real person did not say it, it does not appear on this site.

There are no customer stories here, because we will not publish one we cannot prove.
Any testimonial published here later will be real, consented, and on file with proof.
We use no invented customers, no actors and no machine-written praise.

State notices

Some states require specific notices for a purchase like this. They are published per state and repeated in the sample document.
Counsel review is part of switching a state on, before the funnel accepts a single address from it.
The states the funnel accepts today are listed on our state notices page.