This article was written by 海角精品黑料鈥檚 news partner, The Banner Montgomery, and republished with permission. .
The Maryland Office of the Attorney General has charged a Florida-based real estate firm with deceptive trade practices and other consumer protection-related counts, accusing MV Realty of misleading Maryland homeowners into predatory loan agreements with intentionally obscure terms.
The charges center on MV Realty鈥檚 鈥淗omeowner Benefit Agreements,鈥� in which the company advanced up to $5,000 in exchange for exclusive real estate listing rights to customers鈥� homes for 40 years. Those in violation of the terms 鈥� on purpose or by accident, owners or heirs 鈥� are required to pay at least 3% of the home value upon sale or transfer.
Attorney General Anthony Brown is pursuing a cease and desist order, termination of the past agreements and liens, as well as restitution for consumers, according to a Friday news release. Attorneys general in , , , and have also taken action against the company in recent years.
This story continues. .
