The Federal Communications Commission (FCC) has taken action against a robocall scam campaign focused on homeowners and mortgages. The campaign was run by Florida-based real estate brokerage firm MV Realty. The MA Attorney General has filed lawsuits against MV Realty and claimed the company misled consumers about the terms of their Homeowner Benefit Program. The company even obtained mortgages on consumers’ homes without their knowledge. MV Realty offered homeowners $300 - $5,000 if they used the company as an exclusive listing broker. Once MV Realty accepts the money, they take a 40-year lien on the victim’s house and the homeowners are forced to pay the company 3% of the value of the house. This fee is applied regardless if MV Realty has provided real estate listing services.
MV Realty has refused to comment on the issue and has denied cold-calling consumers. They’ve defended themselves on the Better Business Bureau website. They claim the lien is a “memorandum” and a lien is only taken on the property if the consumer uses another realty listing agency.
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