The Federal Trade Commission Makes Opendoor Pay $62 million FTC has started sending checks to 54,689 people. Each individual will end up with $1,024 in their pocket. Opendoor has been asked to refund a total of $62 million to 54,689 home sellers as a part of its settement with the FTC. The settlement was announced on April 3rd and the FTC said it would start sending out checks on the same day. Every recipient should get around $1,024, according to Inman . Housing Market Prediction: Opendoor will be BANKRUPT in 24 Months! Allegations Against Opendoor Opendoor has been facing heat over its marketing. The primary allegations mentioned in the FTC press release are: Opendoor mislead home sellers by making them believe they could sell their home on Opendoor for a higher price than on the open market. FTC found that home sellers on Opendoor ended by selling their properties for a few thousand dollars less than what they would've gotten on the open market. Opendoor made offers based on ...
A Residential Real Estate Blog covering the city of Austin, Texas. Highlighting "Off Market" along with Austin Silent Market Inc Real Estate Active MLS Properties for Sale & Lease. Proud Indie ATX Business Advocacy and Local Culture. Curated by Austin Silent Market Broker Associate = George Vance McGee 512.657.9281 direct & georgevance@gmail.com