FCC takes action against company after 11 News investigation

WASHINGTON — The Federal Communications Commission announced Tuesday that they are asking that communications companies stop processing robo-sales calls for the company known as MV Realty.

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In November, 11 Investigates teamed up with our sister stations across Cox Media Group to look into consumer complaints about the Florida-based company. Our investigation found homeowners saying they didn’t know what they were committing to when they agreed to take fast cash from the realty company which then got exclusive rights to sell their homes for 40 years. Some home owners said they had gotten pennies on the dollar in the deal.

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We also discovered that if a homeowner refused to stick to the “agreement,” MV Realty often filed lawsuits against them, seeking thousands of dollars.

Following our broadcasts, the Attorneys General in Pennsylvania, Florida and Massachusetts filed lawsuits against the company. The states of Georgia and North Carolina confirmed they have also opened investigations into the business.

On the federal front, besides Tuesday’s FCC announcement, the chair of the Senate banking and housing committee has asked the FTC and CFPB to investigate MV Realty.

11 Investigates has repeatedly asked MV Realty for an on-camera interview, but the company declined.

However in written statements, it has told us, in part, that it has more than 30,000 satisfied customers, that the terms of its agreements are clearly explained, and that the legality of its business agreements will ultimately be upheld.

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