Close Menu
  • Home
  • COMMUNITY NEWS
  • LOCAL NEWS & EVENTS
  • SCHOOL NEWS
  • MILITARY NEWS
  • CRIME / PUBLIC SAFETY
  • THINGS TO DO
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • NORTHWEST FLORIDA NEWS
  • FLORIDA NEWS
  • Contact
Facebook
Facebook X (Twitter) YouTube
Niceville.com
Niceville.com
Home»FLORIDA NEWS»Real estate firm accused of swindling Florida homeowners
FLORIDA NEWS

Real estate firm accused of swindling Florida homeowners

Niceville.comDecember 5, 20223 Mins Read
AG, Florida Office of Attorney General
Office of Attorney General, State of Florida. (Office of Attorney General)

FLORIDA – Florida Attorney General Ashley Moody is taking legal action against a real estate firm her office has accused of swindling Florida homeowners, Moody has announced.

Advertisement

According to Moody’s statement, her office has filed a complaint for injunctive and monetary relief against Florida-based MV Realty and its principals, alleging “deceptive, unfair and unconscionable business practices that result in homeowners signing away home equity for a paltry upfront payment.”

The defendants offer homeowners $300 to $5,000 as a cash loan alternative in exchange for an agreement to use the company as an exclusive listing broker. However, after accepting the payment, homeowners discover that MV Realty files a 40-year lien on the property that requires paying three percent of the value of the home to MV Realty, regardless of whether the company ever provides any real estate listing services, Moody said.

“For many Floridians, their home is their most important asset and the cornerstone of their financial stability. For a company to prey on unsuspecting homeowners in a way that locks them into a 40-year obligation designed to siphon away equity from the property is disgraceful,” said Moody.

Advertisement
A square digital ad for Midbay Veterinary Hospital with multiple dogs of different breeds, a blue veterinary cross logo, Dr. Maya Chapman’s contact information, and a “Click” button for scheduling an appointment.

Today, I filed legal action to end this deceitful practice and protect Florida homeowners from further harm.”

According to the complaint, MV Realty offers a small payment to consumers with the promise that there is no obligation to return the cash, and the homeowner will owe MV Realty nothing unless and until the home is sold.

However, Moody said what is not clearly disclosed is that the company records a lien on the home so that if at any time within 40 years the home is foreclosed upon or transferred to heirs upon the homeowner’s death, or if homeowners simply wish to cancel the deal, MV Realty attempts to take three percent of the home’s value.

Advertisement
A square digital ad for Midbay Veterinary Hospital with multiple dogs of different breeds, a blue veterinary cross logo, Dr. Maya Chapman’s contact information, and a “Click” button for scheduling an appointment.

Moreover, the liens often make it difficult or sometimes impossible for the homeowner to refinance or otherwise tap into home equity, Moody said.

According to Moody’s complaint, the company uses abusive and deceptive telemarketing practices, including calling millions of people on the National Do-Not-Call Registry and leaving millions of unwanted, pre-recorded voicemails.

To view the complaint, click here.

Advertisement

Moody said the action by her office seeks to enjoin enforcement of MV Realty’s contracts with consumers, enjoin future deceptive and unfair practices, return the money the defendants wrongfully took from homeowners and impose civil penalties for defendants’ willful violations of the law.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleFlorida dark web drug dealer sentenced
Next Article Destin Middle School health tech charged with stealing meds from students

Related Posts

close-up of a woman’s shoulder showing a curved line of red, irritated bed bug bites.

UF warns travelers: Watch for bed bugs in Florida lodgings

June 24, 2025
It's Geek to Me header illustration for weekly tech column by Jeff Werner

Jeff Werner explains what to do after approving a fake login

June 22, 2025
Okaloosa County Sheriff’s Office patrol vehicles at night during DUI traffic stop

Driver accused of wrong-way DUI nearly hits deputy in Destin

June 18, 2025
Advertisement
The Wharf 850 Niceville, Florida
Categories
  • COMMUNITY NEWS
  • CRIME / PUBLIC SAFETY
  • FLORIDA NEWS
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • IT'S GEEK TO ME
  • LARRY WILLIAMS
  • LOCAL NEWS & EVENTS
  • MARKETPLACE NEWS
  • MILITARY NEWS
  • NORTHWEST FLORIDA NEWS
  • OUTDOORS
  • ROADS / TRANSPORTATION
  • SCHOOL NEWS
  • THINGS TO DO
Advertisement
A square digital ad for Midbay Veterinary Hospital with multiple dogs of different breeds, a blue veterinary cross logo, Dr. Maya Chapman’s contact information, and a “Click” button for scheduling an appointment.
COMMUNITY PARTNERS
  • EGLIN FEDERAL CREDIT UNION
  • EYEWEAR UNLIMITED
  • HAIR EXPRESS
  • MIDBAY VETERINARY HOSPITAL
  • NICEVILLE FARMERS MARKET
  • NICEVILLE INSURANCE AGENCY
  • RUCKEL PROPERTIES, INC.
  • THE WHARF 850
Advertisement
Categories
  • COMMUNITY NEWS
  • CRIME / PUBLIC SAFETY
  • FLORIDA NEWS
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • IT'S GEEK TO ME
  • LARRY WILLIAMS
  • LOCAL NEWS & EVENTS
  • MARKETPLACE NEWS
  • MILITARY NEWS
  • NORTHWEST FLORIDA NEWS
  • OUTDOORS
  • ROADS / TRANSPORTATION
  • SCHOOL NEWS
  • THINGS TO DO
Advertisement
The Wharf 850 Niceville, Florida
Advertisement
Eglin Federal Credit Union banner ad with couple and low-rate Mastercard offer

ABOUT NICEVILLE.COM

PRIVACY POLICY

TERMS OF SERVICE

© 2025 Niceville.com. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.