Under the judgment, MV Realty must pay $3 million by June 30, 2026. If the company fails to do so, Florida is authorized to pursue the full suspended judgment of $18 million.
More importantly for homeowners, the ruling immediately clears the titles of thousands of affected properties across the state.
MV Realty “Benefit” Was a Burden
At the center of the Florida case against MV Realty was the company’s so-called Homeowner Benefit Agreement. The program was marketed as a simple way for homeowners to receive fast cash, often a few hundred or thousand dollars, with assurances that the money never had to be repaid.
In exchange, homeowners agreed to use MV Realty as their exclusive listing agent if they ever sold their home.
State prosecutors argued that the true cost of the agreement was buried deep in the fine print. The contracts effectively created a 40-year lien on the property. Homeowners who tried to sell with another agent, refinance, or transfer property to heirs faced a penalty equal to 3% of the home’s value.
