1 min read
Sources:
Form 1-K, Form 1-A, press and public records
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Short answer
A 2024 dispute over a contested property purchase in Texas. The seller says the company breached the contract by not depositing earnest money and seeks $1,000,000; the company denies it, says the seller’s disclosures were fraudulent, and has counterclaimed for fraud, breach of contract and defamation. The case was dismissed without prejudice in 2025 and refiled by the seller in 2026. The company has accrued no loss for it and says it will defend the case vigorously. Nothing beyond those filed facts is asserted here. 12
Claim: $1,000,000 (earnest money, Texas)
Company position: Denies; counterclaims (fraud, breach, defamation)
Status: Refiled 2026 (after a 2025 dismissal without prejudice)
Accrued: No loss (per the financial statements)
The record
The company’s Form 1-K for 2025 discloses that a Texas seller alleges House Hack breached a 2024 property-purchase contract by failing to deposit earnest money, and seeks $1,000,000. The company denies the allegations and has asserted counterclaims for fraud, breach of contract and defamation. The September 2026 Form 1-A adds that the matter was refiled, that the company considers the claim nominal, and that it is not accruing a loss. 12
For scale: the company held $16.3 million of liquid assets at June 30, 2026, per the Form 1-SA.
How to weigh it
An open civil suit is a risk, and the filing says so. The company’s judgment that it is nominal rests on the size of the deposit at issue, the dismissal of the first filing, and its counterclaims. Kevin’s account adds a recording that has not been tested in court. Until a court rules or the parties settle, both the claim and the defense are just that. The case was dismissed without prejudice in 2025 and refiled in 2026; when it resolves, this page will be updated and the change logged.
Update from the 2025 annual report
The case was dismissed without prejudice in 2025 and refiled by the plaintiff in 2026. The company calls the suit fraudulent and says it will defend vigorously; the claim is still $1,000,000. 4
One open contract dispute, $1 million claimed, denied and counterclaimed, dismissed once and refiled. The filings carry it; this page adds nothing to them. 12
Simply put
✅ What it is
➡️ A seller in Texas says the company owes it for backing out of a purchase. The company says the seller misrepresented the property and is suing back.
✅ Where it stands
➡️ Dismissed without prejudice in 2025. Refiled in 2026. No loss has been recorded.
Sources
Form 1-K, Legal Proceedings, Texas earnest-money dispute: “a seller alleges House Hack breached a property-purchase contract by failing to deposit earnest money and seeks $1,000,000; the company denies the allegations and asserts counterclaims for fraud, breach of contract, and defamation” Open the filing
Form 1-A, Legal Proceedings (refiled; nominal; no loss accrued) Open the filing
Form 1-K, annual report for 2025, filed April 30, 2026, Legal Proceedings Open
Form 1-K, annual report for 2025, Legal Proceedings (dismissed without prejudice in 2025; refiled in 2026), Legal Proceedings Open
