EasyKnock
Bought homes for cash · New York City, New York · Founded 2016
! No longer buying homes. EasyKnock abruptly closed its doors on December 5, 2024; its website and notices did not explain the cause, and the closure followed lawsuits and state-regulator scrutiny.
EasyKnock was a company that bought homes for cash. EasyKnock abruptly closed its doors on December 5, 2024; its website and notices did not explain the cause, and the closure followed lawsuits and state-regulator scrutiny. It was founded in 2016 and was based in New York City, New York.
How EasyKnock worked
- Process
- Applicants provided information to be matched with a program and received an estimated home value and potential cash funding; they then signed a non-binding letter of intent. After a traditional 4–6 week closing, the home was sold to EasyKnock, the agreed cash was paid, and the lease began. The seller stayed as a renter and could either repurchase the home or direct EasyKnock to sell it on the open market.
- Fees (as reported)
- EasyKnock charged a 4.99% processing fee; its agreements also involved rent, option fees, closing costs and, in some cases, repair holdbacks.
Reddit discussions
Threads that mention EasyKnock. We link to them; we don't verify what's said there.
Sources
- EasyKnock's current website says it has closed its doors and that arrangements were made for continued customer service. company website
- The Senate press release says EasyKnock closed its doors on December 5, 2024; NPR reports that neither the website statement nor customer notices explained the cause. government
- EasyKnock's model was to buy homeowners' properties, let them remain as renters, and provide cash for financial needs. news
- EasyKnock was founded in 2016 and based in New York City. news
- Before shutting down, EasyKnock's programs were described as available nationwide and the company as headquartered in New York City. news
- NPR reported that EasyKnock charged a 4.99% processing fee. news
- EasyKnock's former website described a three-step process: get qualified and receive an estimate, sign and close in a traditional 4–6 week process to receive cash and begin the lease, then remain in the home as a renter while choosing whether to repurchase or direct an open-market sale. company website
- Michigan's Attorney General described the Sell & Stay structure as a sale to EasyKnock followed by a lease of up to five years, with repurchase possible and a third-party sale if the homeowner could not repurchase; the agency said proceeds could be reduced by processing fees, closing costs and repair holdbacks. government
Common questions about EasyKnock
Is EasyKnock legit?
EasyKnock was a company that bought homes for cash. EasyKnock abruptly closed its doors on December 5, 2024; its website and notices did not explain the cause, and the closure followed lawsuits and state-regulator scrutiny. It was founded in 2016 and was based in New York City, New York.
What did EasyKnock charge?
EasyKnock charged a 4.99% processing fee; its agreements also involved rent, option fees, closing costs and, in some cases, repair holdbacks.
How did selling to EasyKnock work?
Applicants provided information to be matched with a program and received an estimated home value and potential cash funding; they then signed a non-binding letter of intent. After a traditional 4–6 week closing, the home was sold to EasyKnock, the agreed cash was paid, and the lease began. The seller stayed as a renter and could either repurchase the home or direct EasyKnock to sell it on the open market.
Is EasyKnock still buying houses?
EasyKnock abruptly closed its doors on December 5, 2024; its website and notices did not explain the cause, and the closure followed lawsuits and state-regulator scrutiny.