California ex rel. Bonta v. MV Realty PBC, L.L.C., Case No. 23STCV30464 (Cal. Super. Ct. Sept. 13, 2024)

This is a September 13, 2024 order  in a case filed by the California AG against MV Realty in California state trial court alleging UDAP and FTC Telemarketing Sales Rule violations.  The order grants the AG a preliminary injunction.  MV Realty's home equity scheme involved recording a lien on a home that allegedly secures a future contract to act as the homeowner’s realtor. The homeowner receives a small up-front payment in consideration for signing the contract, and if they fail to use this company as their realtor for any sale or transfer in the next forty years, a termination fee is charged of roughly ten times the up-front payment.