ATLANTA, Ga. — In Georgia, Attorney General Chris Carr filed a motion for summary judgment against MV Realty and its Georgia contracts. He asked a judge to terminate all MV Realty liens and cease the collection of termination fees.
Last week, Fulton County Judge Emily K. Richardson granted Carr’s motion.
[DOWNLOAD: Free WHIO-TV News app for alerts as news breaks]
TRENDING STORIES:
- 2 18-year-olds killed in fiery Labor Day crash identified
- $100K Powerball ticket sold in Miami Valley; jackpot continues to grow
- Warning issued for invasive pests threatening to ‘wipe out’ common plants
Consumer investigator Justin Gray with our sister station WSB-TV has been investigating MV Realty and its 40-year listing agreements for the past four years.
The judge’s order will allow consumers to get out of their 40-year contracts with MV Realty. It also orders the company to dismiss any lawsuits they have taken out they have against Georgia customers.
The company will also not be allowed to attempt to get any commission back or charge consumers a termination fee or other penalty.
MV Realty cuts homeowners an immediate check. In return, you either list your home with an MV Realty agent or pay a penalty equivalent to 3% of the sale price of the house. And the term of the deal is for the next 40 years.
Since WSB-TV and WHIO-TV, along with our sister stations across the country, started investigating MV Realty, Attorneys General in 12 states, including Georgia and Ohio, have sued the company, and 29 states, including Georgia, have passed laws targeting the company.
But a 2023 change to Georgia law did not impact MV Realty contracts currently on the books, only future contracts.
Judge Richardson’s order calls for a hearing to be held at a later date to determine civil penalties.
“MV Realty’s predatory loan scheme put thousands of Georgians at risk of losing everything they had worked so hard to earn. We took action to protect homeowners across the state, and we were able to deliver critical relief when they needed it most. This is a major win for families and seniors, and we’ll keep fighting for them each day,” Carr wrote in a statement.
[SIGN UP: WHIO-TV Daily Headlines Newsletter]
©2025 Cox Media Group
