Massachusetts Court Orders MV Realty to Stop Recording 40-year Liens
March 7, 2023
ALTA has prioritized combating this abusive and anti-consumer activity in the marketplace, which adds costs and complications to the transfer or financing of real estate. ALTA has worked with national stakeholders to design model legislation to make these types of unfair agreements unenforceable, prevent the recording of the agreements in land records and provide consumers with options for seeking damages. Utah became the first state that passed legislation protecting homeowners from the predatory practice of filing of unfair real estate fee agreements in property records. ALTA helped draft the bill with input from national stakeholders.
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