State Attorney General Kris Mayes is suing an Arizona real estate company over what she calls fraudulent and predatory listing practices.
Richie Taylor is a spokesman for the AG’s office.
He said MV Realty paid cash to vulnerable homeowners in exchange for exclusive rights to be their listing agent if they ever sold their homes.
“They misled homeowners about the terms of their program and deceptively recorded liens on the Arizona homeowners’ property records, which then prevented the homeowners or their heirs from ever transferring their homes, unless they paid thousands of dollars in what they called early termination fees,” Taylor said.
Taylor says M-V Realty bilked over 15-hundred Arizona homeowners out of thousands of dollars each. The AG’s office is looking for additional victims.
→ Read the full complaint [PDF]
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