MV Realty PBC, LLC

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Case overview

Case Number:

9:23-bk-17590

Court:

Florida Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

April 04, 2024
MV Realty Abusing Ch. 11 Process, Bankruptcy Court Told

State prosecutors, federal agencies and consumer advocates have told a Florida bankruptcy judge that MV Realty is using the Chapter 11 process to avoid enforcement and enshrine a set of predatory agreements designed to extract millions in junk fees from homeowners over the next 40 years.
April 02, 2024
MV Realty Files Ch. 11 Plan Amid Growing Calls To Toss Case

MV Realty plans to reorganize in Florida bankruptcy court by firing its brokers and collecting millions in fees from about 34,000 U.S. homeowners over the next 40 years, even as more than a dozen states backed the U.S. Trustee's view that the case is a stall tactic against prosecutors.
March 12, 2024
Trustee Claims MV Realty Used Ch. 11 To Dodge State Actions

The U.S. trustee in the Chapter 11 bankruptcy of MV Realty argued on Tuesday that a Florida federal judge should dismiss or convert the case, alleging that the real estate company is simply using the action to stall state prosecutors and rack up fees against homeowners instead of reorganizing.
March 06, 2024
CFPB Rebuffs Bid By MV Realty To End Investigation

The Consumer Financial Protection Bureau has denied a plea from MV Realty to set aside the agency's investigation of the Florida-based company's use of 40-year exclusive listing agreements to force homeowners to pay thousands of dollars in junk fees.
March 01, 2024
Conn. AG Tells Lawmakers To Ban MV Realty's 'Scam Deals'

Connecticut's attorney general urged state lawmakers to protect vulnerable homeowners by passing legislation banning a business model used by MV Realty to rack up thousands in junk fees on people who sign their 40-year exclusive listing agreements.
February 28, 2024
Homeowners Urge Judge To Toss 'Tactical' MV Realty Ch. 11

A committee of homeowners who signed agreements with MV Realty told a Florida bankruptcy judge on Tuesday that the company filed for Chapter 11 as a maneuver to dodge a series of state actions seeking to void predatory deals with some 40,000 homeowners in 34 states.
January 10, 2024
Judge OKs MV Realty Ch. 11 Counsel Budget Over Protest

A Florida bankruptcy judge on Wednesday approved a three-month budget for counsel in MV Realty's Chapter 11 proceeding, despite objections from a committee tapped to represent its customers.
December 15, 2023
Calif. Sues Bankrupt MV Realty Over Homeowner Lien Scheme

California has joined other states in suing bankrupt Florida-based MV Realty, a company authorities claim locked vulnerable homeowners into a predatory scheme that tied them to 40-year listing agreements and placed illegal liens on their homes.
September 26, 2023
MV Realty Files For Chapter 11 Amid Investigations

MV Realty and its affiliates in 33 states have filed for Chapter 11 bankruptcy as the company faces litigation in a handful of jurisdictions across the country, according to a recent voluntary petition from the company in Florida.