California Attorney General Rob Bonta on Tuesday announced a settlement with Florida-based MV Realty, its chief executive officer, and chief operating officer, resolving a lawsuit that accused the company of running a predatory scheme that targeted financially vulnerable homeowners with decades-long exclusive listing contracts and deceptive property liens.
The agreement, reached ahead of a June 10, 2026 trial date in Los Angeles County Superior Court, requires MV Realty to void all homeowner agreements, individually terminate all liens, provide full restitution to affected consumers, and pay civil penalties.
In total, the settlement secures more than $1.3 million in restitution and nearly $1.2 million in penalties, for a $2.5 million judgment. It also bars MV Realty, its CEO, and its COO from engaging in any California business requiring a real estate license for five years…