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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.
Anthony Mitchell knows the game of football well, but he knows his son, Keaton Mitchell, even better.
The Florida lawsuit says “many” homeowners were vulnerable targets including senior citizens or people who spoke English as a second language.
Following launch of a probe by regulators in North Carolina, Florida's attorney general said MV Realty's business practices "shock the conscience."