The program made claims it would give people thousands of dollars for the right to list people’s homes. The state attorney general’s office said it was investigating
GREENSBORO, N.C. — A Guilford County leader is raising a big red flag about a possible real estate scam.
Three states have already filed lawsuits against Florida-based MV Realty’s Homeowner Benefit Program. The program offers cash in exchange for the right to list your home over the next 40 years.
According to it’s website, the program offers between $300 and $5,000 to homeowners without a loan. In exchange, the homeowner agrees to let the company have control over any future home sales. If the homeowner uses a different broker for a sale, they could owe a fee.
The lawsuits claim the program might actually end up costing homeowners more money and put a lien on their property.
Guilford County Register of Deeds Jeff Thigpen wrote a letter to the North Carolina Attorney General’s Office about the program. He said the state is investigating MV Realty.
“The concerns are that, for example, someone dies and they have this agreement with the property it could be considered a lien and passed the property down to their children and for people to get out of it, it looks…
