-- The Indiana Attorney General's office is suing MV Realty – in what the office says is an effort to stop the company from negotiating contracts that violate Indiana law.Homeowners get a quick infusion of cash, and the real estate company gets a promised future payment.
In many cases, the homeowners are locked into an agreement for up to 40 years - passed down to their families if they die. The Indiana Attorney General's office says the company is deceptive, and hundreds of homeowners have complained. CBS 2 Investigator Megan Hickey in July reported on MV Realty and consumer complaints against the company. MV Realty also faces several lawsuits from several other state attorneys general, a growing chorus of questions from consumer advocates, and complaints from people who took the deal without a full understanding of the terms