Company accused of misleading homeowners into signing 40-year listing deals now facing legal trouble

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MV Realty's business practice is simple: They give you cash. If you don't sell your home, you can keep it. But if you do sell, you must use their agent to sell your home.

Jesse Jones, KIRO 7 NewsMV Realty’s business practice is simple: They give you cash. If you don’t sell your home, you can keep it. But if you do sell, you must use their agent to sell your home.

Florida-based MV Realty operates in 33 states and has more than 250 deals just in the Puget Sound region. Florida, Pennsylvania and Massasschusetts have filed lawsuits against the company, which is accused of misleading homeowners into signing 40-year exclusive listing deals. Sen. Mullet says he is concerned about the marketing of these products to the elderly – something a former MV Realty employee told us in our first investigation.

 

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