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.
A cold call last year grabbed the attention of veteran and father Miguel Hall. The caller offered to pay him $1,250 now if he agreed to let them list his home in the next 40 years if he chooses to sell.
Santa Barbara DA Joins Lawsuit Against Predatory Real Estate Scheme independent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.com Daily Mail and Mail on Sunday newspapers.
Ohio homeowners say they lost thousands of dollars in a predatory plot played out across the nation.Victims say the woman who helped create the scheme is know