Real Estate Firm Placing 40-year Right-to-list Contracts on Properties
July 28, 2022
Title professionals have raised concerns about right-to-list contracts Florida-based MV Realty is recording on properties in various counties across the country. For insuring purposes, underwriters are treating them like other liens or mortgages, and calling for release or termination in the commitment. If a release or termination is not obtained, an exception is made in any title policies for the MVR agreement and/or covenant, and also includes any pending or future litigation that may be filed to enforce MVR’s contract.
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