As a homeowner, you may be approached by various people or companies trying to buy your house way below its fair market value so they can resell it for a quick profit. Even if your home has been totally destroyed, it is likely that your property still has value and should be considered an asset. You should evaluate all your options, including repairing and rebuilding, before selling your home at a deep discount.
In addition, some people may pretend to be helping you to avoid a foreclosure and offer you fast cash to trick you into signing transfer of ownership papers. Steer clear of these offers. Typically, these scam artists strip your equity by giving you bottom dollar for your asset so they can take the title and sell your home at a handsome profit.