FOR IMMEDIATE RELEASE
Monday, April 27, 2026
Contact: comms@ncdoj.gov
919-538-2809
RALEIGH — More than 2,100 North Carolina homeowners who were trapped in 40-year real estate contracts are now free.
Attorney General Jeff Jackson obtained consent judgments voiding those contracts, permanently banning MV Realty from doing business in North Carolina, and requiring the company to pay $1.32 million in restitution.
“This company gave homeowners a few hundred dollars and locked them in for 40 years,” said Attorney General Jeff Jackson. “We voided every one of those contracts and shut the company down in North Carolina. Done.”
MV Realty trapped more than 2,100 North Carolina homeowners in Homeowner Benefit Agreements (HBAs). The HBAs locked homeowners into exclusive listing contracts for 40 years and required them to pay MV Realty a 3 to 6 percent commission upon any transfer of the home, even if they did not use the company to sell their home.
Homeowners signed those agreements in exchange for small upfront payments, sometimes as little as $300. Their total exposure was at least $18 million.
MV Realty also made nearly 150,000 calls to numbers on the Do Not Call Registry and more than 340,000 robocalls North Carolina residents.
The North Carolina Department of Justice sued the company and several of its executives in 2023, alleging that tricking homeowners into signing the HBAs violated state laws. Later that year, NCDOJ won a preliminary injunction blocking MV Realty from entering into any new HBAs in North Carolina. NCDOJ then successfully fought MV Realty’s attempt to get a bankruptcy court in Florida to stop the North Carolina courts from holding the company accountable. In January 2026, NCDOJ won a motion for summary judgment holding the defendants jointly liable for unfair and deceptive trade practices and for violating state telemarking and robocall laws.
The North Carolina Business Court entered consent judgments against the defendants, voiding all the roughly 2,000 HBA contracts MV Realty has remaining in North Carolina. Homeowners involved in those agreements no longer have to pay MV Realty 3 to 6 percent of their home’s value when the home is sold or passed on to an heir, collectively saving them at least $18 million.
Under the consent judgments, MV Realty cannot enforce the HBAs or collect any fees from North Carolina consumers who entered into the contracts. MV Realty is also permanently banned from doing business in the state, and individuals associated with the company are prohibited for 10 years from engaging in certain types of businesses in the state, including business involving consumer financial products, residential real estate, telemarketing, and robocalling.
Additionally, MV Realty must pay more than $1.3 million in restitution to consumers who paid MV Realty a fee to terminate the agreement.
If the defendants violate the terms of their judgments, they may be required to pay an additional $5.7 million in penalties.
Attorney General Jackson has previously fought to protect North Carolina homeowners. In June, he announced that people who were tricked into predatory long-term agreements with the company Stone Brook Partners — which was run by Antony Mitchell, the same chief executive as MV Realty — were released from the contracts.
In April 2025, he secured a judgment permanently barring Canary General Contracting and Design from doing business in North Carolina. NCDOJ sued the company, its owner, and its operator in 2024, alleging that they took money for home projects they did not complete or did not complete the work up to code.
In November, Attorney General Jackson secured a judgment against Flowers Flooring, LLC and its owner, barring them from doing certain work and requiring them to reimburse consumers. The NCDOJ sued the defendants in 2023, alleging that they ran a flooring contracting scheme and accepted payments from homeowners for work that was never completed and materials that were never delivered.
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