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Resource ID: #17777
Subject: Bankruptcy
Source: Pitch Weekly (Kansas City
Affiliation: 
Date: April 26-May 2

Description

Pitch Weekly investigates HomeBuyers Assistance Foundation, a nonprofit organization that helps people with credit troubles find homes. Owned by David W. Zabawa, this company "provides customers individualized plans of 'attack' that are supposed to help them reach settlements with creditors and rectify disputed accounts on their credit reports. . . Zabawa buys the houses . . . he negotiates deals with homeowners who are eager to make a quick sale. Often, Zabawa pays anywhere from $2,000 to $10,000 less than the appraised value of the homes- and sells them to his clients at the appraised value. The difference keeps his organization afloat." The article profiles people who believe this company is 'amazing' and 'helped them out when no one else would'. While others say Zabawa, an ex-convict, robbed them of money and did not guarantee his results.

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