May 28, 2024

Ohio Attorney General sues MV Realty for 40-year misleading agreements

Ohio Attorney General sues MV Realty for 40-year misleading agreements
  • Ohio results in being the fourth state to sue MV Realty.
  • Attorney General states deliberately tricking owners is shameful.
  • Lawsuit seeks to set MV Realty out of enterprise.

Ohio Attorney Normal Dave Yost has sued an Ohio firm alleging it has misled individuals with its deceitful methods locking home owners into a 40-year profits deal in trade for income as a “loan alternate.” 

Yost’s go well with makes Ohio the fourth state to sue MV Realty, which is headquartered in Florida and does business in Ohio as MV Realty of Ohio. Lawsuits are also pending in Pennsylvania, Florida and Massachusetts. 

The Ohio Attorney General has sued MV Realty of Ohio, alleging it has misled homeowners with deceitful practices and that it is not licensed to practice real estate in the state.

Ohio’s lawsuit is looking for preliminary and lasting injunctions versus MV Realty of Ohio, the company’s founder and its principal broker to prevent them from negotiating real estate contracts that violate Ohio law. The fit also seeks to end the functions from working towards genuine estate without proper licensing. The match was submitted in Franklin County Common Pleas Court.