MV Realty targeted people who had equity in their homes but needed cash locking them into decadeslong contracts carrying hidden fees, the Illinois attorney general says in a new lawsuit. The company has 34,000 agreements with homeowners, including more than 750 in Illinois.
The lawsuit accuses companies affiliated with MV Realty of using high-pressure sales tactics and deceptive marketing to have people agree to use its brokers if they ever sold their homes.
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