Questionable 'cash deal' offered to homeowners in Illinois criticized by consumer advocates

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Questionable 'cash deal' offered to homeowners in Illinois criticized by consumer advocates
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One firm, MV Realty, faces several lawsuits from state AG's, questions from consumer advocates, and complaints from people who took the deal without a full understanding of the terms.

. Illinois has not yet filed a lawsuit and said it does not comment in potential future investigations.posted about MV Realty, which is based in Delray Beach, Florida.

Julie Lawton, a law professor at DePaul University whose interests include real estate, looked over the Homeowner Benefit Agreement and asked,"Is the homeowner truly being given the opportunity to read the contract, to understand the terms of the contract … and fully understand the consequences of violations of the contract?"

"We have requested that you remove the lien against her property, but as of the date of this letter, you have not done so.""I was misinformed about the agreement.""After reviewing the email with the actual contract that was sent to me, it was a 40-year contract for the right to list my home." Complaint involving a contract signed July 10, 2022:

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