MV Realty has settled California lawsuits over a predatory real estate scheme that offered cash for long-term listing rights. - The company misled homeowners and recorded liens, blocking sales and refinancing.
- All contracts are void, liens terminated, and the company banned from California real estate for five years. - MV Realty must pay over $2.5 million in restitution and penalties.
- California law now caps exclusive listing agreements at two years. The settlement provides relief to victims and reinforces state action against predatory practices.