The Pennsylvania Attorney General’s Office has sued a Florida-based real estate firm for misleading homeowners and obtaining mortgages on their homes without them knowing, the office announced Wednesday morning as Philadelphia City Council prepared to hold a hearing on the practice in the city.
Under these contracts, MV Realty receives thousands of dollars in fees if the company sells the property, if the homeowner cancels the agreement, and for any transaction in which the property changes hands. That includes losing a home through foreclosure or transferring a home when the owner dies. “MV Realty is a scam that exploits Pennsylvanians in vulnerable financial situations, and my Office isn’t buying it,” Attorney General Josh Shapiro said in a statement. “My office will protect homeowners’ most important asset — the value of their real estate.”
I’ll bet anyone that the venn diagram of MV Realty ownership and membership at Mar a lago is a perfect circle.
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