Thousands of Florida Homeowners Deceived With ‘Homeowner Benefit Agreements’

The Florida Attorney General’s Office secured an injunction against MV Realty and its principals for deceiving Florida homeowners into signing away home equity for nominal upfront payments to homeowners. The Honorable Judge Darren D. Farfante of the 13th Judicial Circuit Court ruled that the Florida-based real estate agency and its principals are prohibited from enforcing so called Homeowner Benefit Agreements or collecting early termination fees or payments from homeowners. MV Realty violated the Florida Deceptive and Unfair Trade Practices Act through its predatory actions affecting more than 9,000 Florida homeowners.

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