PRIVACY POLICY
Last Updated: 07/13/2025
Effective Date: 07/13/2025
Governing Jurisdiction: North Carolina
1. Introduction
Velosell Home Buyers (“Company,” “we,” “us”) operates velosellhomebuyers.com (the “Site”). This Privacy Policy explains how we collect, use, and protect information from users (“you”) in compliance with:
- NC Identity Theft Protection Act (NCGS § 75-60)
- Federal Trade Commission Act
- TCPA (Telephone Consumer Protection Act) and CAN-SPAM Act
We are NOT licensed real estate agents or brokers (NCREC Rule 58A .0104).
2. Information We Collect
(a) Directly Provided Data:
- Contact Details: Name, phone, email, address.
- Property Information: Address, condition, liens, ownership status.
- Communications: Call recordings, emails, texts.
(b) Automatically Collected Data (via cookies/pixels):
- Technical Data: IP address, browser type, device identifiers.
- Usage Data: Pages visited, time spent, referral sources.
We DO NOT collect:
- Social Security Numbers
- Financial account numbers
- Credit card data (unless required for earnest money, handled via secure third-party processors)
3. How We Use Your Information
| Purpose | Legal Basis |
|---|---|
| Contact you about property inquiries | Consent (NCGS § 75-60) |
| Negotiate/purchase properties | Contractual necessity |
| Assign contracts to end-buyers | Legitimate business interest (NCGS § 22-2) |
| Comply with NC real estate laws | Legal obligation (NCREC Advisory 2017-01) |
4. Information Sharing & Disclosures
We only share data with:
- End-Buyers: For contract assignments (disclosed in writing per NC Statute of Frauds).
- Service Providers: Title companies, attorneys, or inspectors (bound by NDAs).
- Legal Requirements: To comply with NC subpoenas (NCGS § 8-53) or UDTPA investigations.
We NEVER sell your data to marketers.
5. NC-Specific Rights & Choices
Under NC Identity Theft Protection Act (NCGS § 75-60):
- Opt-out of Communications: Reply “STOP” to texts/calls or use info@velosellhomebuyers.com .
- Access/Correct Data: Request details via info@velosellhomebuyers.com .
- Deletion: Request removal of non-transactional data (excludes records required by NCGS § 93A-12).
6. Data Security
We implement:
- Encryption: SSL/TLS for data transmission.
- Access Controls: Password-protected systems.
- NC Compliance: Reasonable safeguards per NCGS § 75-65.
No method is 100% secure; we disclaim liability for third-party breaches.
7. Data Retention
We retain data:
- 3 Years: For leads/property inquiries.
- 7 Years: For completed transactions (per NC property record laws).
- Indefinitely: For legal dispute records (NCGS § 1-52).
8. Third-Party Links
Our Site may link to:
- Title companies
- Closing attorneys
- NC property records (e.g., county GIS)
We disclaim responsibility for their privacy practices.
9. Children’s Privacy
We do not target or collect data from minors (<18 years). NC transactions require legal adulthood (NCGS § 1-539.1).
10. Policy Updates
We may update this policy. Changes are effective upon posting to the Site.
11. Contact & NC Disclosures
Data Controller:
Velosell Home Buyers
207 W Millbrook Road, Suite 210
Raleigh, NC, US 27609
[Phone] | info@velosellhomebuyers.com
NC Wholesaling Disclosure
Terms & Conditions
To Report Privacy Issues:
Email [Compliance Email. ] or mail to above address.
ACKNOWLEDGEMENT
BY USING OUR SITE, YOU:
- Consent to data practices described here.
- Confirm you are ≥18 years old.
- Acknowledge our non-agent status (per T&C Section 2).
NC Legal Compliance Notes:
- This policy satisfies NCGS § 75-60 (data security) and § 75-1.1 (UDTPA transparency).
- Work with NC counsel to:
• Validate escrow data handling (if earnest money is collected).
• Review cookie consent mechanisms for GDPR/CCPA if targeting non-NC residents.
• Update breach notification procedures per NCGS § 75-65.