Georgia AG Prohibits MV Realty from Enforcing 40-Year Contracts
ATLANTA, Ga.—Georgia Attorney General Chris Carr has secured a court order that permanently prohibits the real estate company MV Realty from enforcing its 40-year listing agreements and property liens in the state. The order also requires the company to refund all early termination fees to Georgia homeowners.
The action stems from a lawsuit filed by Carr in January 2024, which alleged that the Florida-based firm had tricked over 3,300 homeowners—including about 1,000 Georgians aged 60 and older—into signing predatory contracts.
“This is a major win for families and seniors,” said Attorney General Carr. “MV Realty’s predatory loan scheme put thousands of Georgians at risk of losing everything they had worked so hard to earn.”
Predatory “Homeowner Benefit Program”
MV Realty’s “Homeowner Benefit Program” was promoted as a way for homeowners to get cash without borrowing. In exchange for a small upfront payment, consumers were locked into a 40-year agreement. This contract required them or their heirs to pay the company at least 3% of the home’s value if it was sold or transferred without using MV Realty as the agent, or if the home went into foreclosure.
To enforce these agreements, MV Realty filed a memorandum on the property records, which acted as a lien and could interfere with a homeowner’s ability to sell, refinance, or obtain a reverse mortgage.
Court Order Requirements
On August 28, the court issued a permanent injunction against MV Realty in Georgia. The order requires the company to:
- Immediately cease all attempts to collect commissions, fees, or penalties related to these agreements.
- Record unconditional terminations of all memorandums they have placed on Georgia properties by September 11, 2025.
- Dismiss all pending lawsuits against Georgia consumers.
- Stop advertising the “Homeowner Benefit Program” in Georgia.
- Pay restitution to all Georgia consumers who have paid an early termination fee by September 11, 2025.
For more information, impacted customers can visit the Attorney General’s FAQ page.
