Home / Crime and Justice / Georgia Scores Win Against Deceptive Realty Firm
Georgia Scores Win Against Deceptive Realty Firm
6 Jul
Summary
- Hundreds of homeowners will receive money from a settlement.
- A real estate company was accused of trapping customers in long contracts.
- The company is banned from doing business in Georgia.
Hundreds of Georgia homeowners are set to receive financial restitution following a significant million-dollar settlement. The settlement was reached after the state's Attorney General sued MV Realty, a Florida-based real estate company. This legal action stemmed from a multi-year investigation into the company's business practices.
MV Realty is accused of deceiving homeowners by promising quick cash but instead locking them into contracts lasting up to 40 years. These contracts effectively acted as liens on properties and incurred substantial early termination fees for homeowners. As part of the settlement, MV Realty is now prohibited from conducting business within the state of Georgia.
