Minnesota latest to sue MV Realty over ‘immoral and illegal’ contracts

Minnesota Attorney General Keith Ellison announced the suit last week, saying the Florida-based brokerage violated consumer protection laws by selling “contracts with oppressive terms.” Continue reading

MV Realty loses Colorado license in latest setback over contracts

The Colorado Division of Real Estate announced the move Monday, days after the beleaguered brokerage suffered a legal blow in California over 40-year contracts described as “predatory.” Continue reading

MV Realty barred from enforcing 40-year contract in California

A new preliminary injunction orders the Florida-based brokerage to stop issuing liens in California, and to stop enforcing its 40-year “homeowner benefit agreements.” Continue reading

Mortgage broker who forged loan documents for clients gets 5 years

Prosecutors say Alex Ashod Dadourian, a licensed mortgage loan broker in Southern California, fabricated income and employment verification documents to win approvals for 17 mortgages totaling more than $8 million. Continue reading