Law topic
Government agency
Primary source type
Issued:
Date
2023
Description
This is a February 21, 2023 order in a case filed by the Massachusetts AG against MV Realty in Massachusetts state trial court alleging UDAP 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.
