"MV Realty is a financial predator," Atty. Gen. Rob Bonta said in a statement. "Through its one-sided agreements, the company lined its own pockets at the expense of vulnerable homeowners in California, holding their most valuable assets hostage."
When a homeowner sells within the four decades, the lawsuit says, MV Realty gets six months to list the property, per the agreement. If the company completes the sale, the homeowner is required to pay MV Realty the greater of 3% of the sales price or 3% of the home's value at the time the owner signed the benefit agreement, authorities said.
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