AG Weiser filed a lawsuit in Adams County District Court today against MV Realty over allegations that the company illegally locked hundreds of Colorado homeowners into unfair brokerage contracts with exorbitant fees and decades-long terms that even applied to their heirs. The lawsuit seeks to release all existing customers from their agreements, ban the company from doing business in Colorado, and force it to pay fines and restitution.

“MV Realty preyed on people who were struggling financially—many of whom were older homeowners—looking for help staying in their homes. Using deceptive ads, the company offered small payments to entice homeowners to sign contracts that had terms as long as 40 years, contained punishing fees for early termination, and even locked in their heirs. With this lawsuit, we are seeking to hold MV Realty accountable for their unconscionable behavior and get restitution for the homeowners who they deceived.”- AG Weiser