In Atlanta’s gentrifying neighborhoods, the requests from investors can be relentless. Residents receive daily fliers, phone calls and text messages promising cash for their homes.
The offers are a common strategy used by investors looking for properties at discount prices around Atlanta. But now they may be illegal.
The Atlanta City Council voted Monday to make “commercial harassment” a city-level offense. The law prohibits investors from pressuring homeowners into selling their properties. That means if homeowners turn down investors’ initial offers, they can’t reach out again for six months.
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