American Home 4 Rent, LLC American Homes 4 Rent Properties Three, LLC Backed Out of Real Estate Deal, HUNDREDS Left Holding the Bag Malibu, California
This company sent us what their realtor, Mike Roth of Roth Team Shorewest, described as a wonderful FOR SURE cash deal. We blew off another offer we had for more money because we were told to "take the money and run."
Less than two weeks later, the Roth Team informed our realtor the person in charge of this company's Wisconsin purchases quit unexpectedly and without notice over the weekend and they were withdrawing their offers from any home to which earnest money had not yet been sent. He told our realtor he had over a hundred calls to make to other realtors. We have already put an offer in on another home and sent our earnest money.
This is ridiculous and someone needs to be held accountable for this. I have not contacted the company yet because I just received the notice they intend to withdraw today (Saturday). I have also discovered the company has dropped other offers either days before closing or (as reported on this site) the DAY OF closing. They are clearly just blowing off contracts in the hopes that no one will sue. In this case, SELLER BEWARE!