Preliminary injunction in Massachusetts says 'homeowner benefit agreements' are actually high-interest mortgage loans and can no longer be offered or enforced until case is resolved
Following lawsuits in Pennsylvania, Massachusetts, Florida and Ohio, the brokerage is redrafting 40-year contracts that offer homeowners cash in exchange for exclusive rights to list their home
Ohio is the latest state to file suit against MV Realty for deceptive practices following probes by regulators over its 'homeowner benefit agreements' in Florida, Pennsylvania and Massachusetts
State attorneys general call brokerage 'a scam' and allege its business model and contract terms are 'unconscionable' and target elderly and financially vulnerable homeowners