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MV Realty files for bankruptcy

Housing Wire

Right-to-list agreement firm MV Realty has filed for Chapter 11 bankruptcy in 33 states. MV Realty currently faces lawsuits in multiple states for allegedly misleading consumers and homeowners. If the homeowner breaks the agreement or decides to terminate it early, they must pay the firm 6% of the appraised value of the home.

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MV Realty banned from North Carolina

Housing Wire

Right-to-list agreement firm MV Realty is no longer allowed to offer brokerage services in North Carolina. Under MV Realty’s Homeowner Benefit Agreement , the homeowner signs over the right to list their home for the next 40 years to MV Realty in exchange for a cash payment ranging from $300 to $5,000.

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MV Realty files for bankruptcy amid legal turmoil

Real Estate News

The brokerage, which offered homeowners cash in exchange for a 40-year right-to-list agreement, has been bogged down by lawsuits and investigations.

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California AG gets preliminary injunction against MV Realty

Housing Wire

California is the latest state to take a stand against the right-to-list agreement business plan of now bankrupt brokerage MV Realty. The AG’s office took issue with MV Realty’s Homeowner Benefit Agreement. The court found that we are likely to prevail on our claim that those homeowners were intentionally misled by MV Realty. “The

Title 440
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Most Brokerages Have Zero Counter-Cyclical Hedge

Notorious ROB

What my friend and I ended up discussing is that while we think many agents in 2022 are in the same position as those agents we knew in 2007, we are pretty confident that almost all brokerages are in that same position out of necessity. And over the past few years, brokerages have done very well with this ancillary-revenue based model.

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The bombshell real estate lawsuit has just exploded

Inman

As both Realtors and homeowners await the outcome, the defendants' next moves — settlement, trial or bankruptcy, may very well reshape the industry’s landscape for many years to come.

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The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

HomeLight

They will also consider your current and previous debts that resulted in foreclosures or bankruptcies. Brokerage account statements. Lenders will often want to see the past two months of statements from any brokerage accounts you have that are being used to support your asset requirements as part of your mortgage loan.

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