Channel 2 Actions News has learned even though the company declared bankruptcy and Georgia’s Attorney General filed suit, MV Realty is still trying to enforce its controversial 40-year listing agreements here in Georgia.
Georgia law was changed to prevent future contracts after a series of investigations by Channel 2 consumer investigator Justin Gray, but he found MV Realty is still going after homeowners.
MV Realty is still enforcing the liens on the homes of people who signed the agreements before the law was changed.
But there was a big win in court this week for homeowners. A judge ruled that lawsuits by state attorneys general trying to void those agreements can go on even though MV Realty is going into bankruptcy.
Barbara Padgett was set to close on the sale of her home in the North Georgia mountains on Feb. 14 but instead learned of a lien for more than $8,000 placed on her house by MV Realty.
“This letter here was January 16 this year. So they’re still doing it,” Padgett said, showing Gray the letter she received about the lien.