For Immediate Release
ALTA and AARP Applaud Arizona Attorney General Kris Mayes for Action Against MV Realty
WASHINGTON, D.C., Aug. 26, 2026 – The American Land Title Association (ALTA), the national trade association of the land title insurance industry, and AARP today commended Arizona Attorney General Kris Mayes for taking legal action against MV Realty over its Homeowner Benefit Program and long-term agreements with Arizona homeowners.
The Arizona Attorney General’s Office filed a lawsuit against MV Realty of Arizona, LLC, related entities and several corporate officers. According to the Attorney General’s complaint, MV Realty allegedly operated a predatory scheme that offered upfront cash payments to financially vulnerable homeowners in exchange for the exclusive right to serve as their listing agent if they later sold their homes.
“Homeowners should have the freedom to make decisions about their property without long-term agreements creating barriers to a future sale, refinance or transfer,” said Caroline Cone, director of state government affairs, ALTA. “We appreciate Attorney General Mayes for taking action on behalf of Arizona homeowners and their property rights. A home is often a family’s most important asset, and preserving clear title and a homeowner’s ability to freely transfer their property is fundamental to homeownership.”
The Attorney General’s complaint alleges MV Realty misrepresented or failed to adequately disclose important terms of its Homeowner Benefit Program, including the 40-year duration of the agreement, that it could bind a homeowner’s heirs and circumstances that could trigger an early termination fee. The complaint further alleges that MV Realty recorded memorandums in homeowners’ property records that could interfere with their ability to sell or transfer their property, refinance their mortgage or obtain a home equity loan unless they paid substantial early termination fees.
“Long-term real estate agreements can have consequences that extend far beyond the initial transaction, affecting a homeowner’s equity and financial security for years,” said Jenn Jones, vice president of financial security and livable communities, government affairs, AARP. “AARP supports strong consumer protections and accountability when deceptive practices are alleged. We will continue working with ALTA, state leaders and consumer advocates across the country to protect homeowners from harmful real estate agreements.”
According to the Attorney General’s Office, the complaint also alleges MV Realty aggressively marketed the program through online, telephone and digital advertising, including telemarketing to consumers registered on the National Do Not Call Registry. The complaint alleges MV Realty did not adequately disclose the nature and terms of the agreements.
“For Arizona homeowners, their home represents not only a place to live but often decades of savings and financial security,” said Dana Marie Kennedy, AARP Arizona state director. “Attorney General Mayes’s action underscores the importance of protecting that hard-earned equity and ensuring Arizona consumers are treated fairly in agreements involving their homes.”
The lawsuit seeks civil penalties, restitution and injunctive relief, including the termination of memorandums recorded against Arizona homeowners’ properties.
ALTA, AARP and state land title associations have worked with policymakers across the country to address long-term real estate agreements commonly referred to as Non-Title Recorded Agreements for Personal Services, or NTRAPS. These agreements can create long-term restrictions or financial obligations connected to a homeowner’s property and can complicate future sales, refinances or transfers.
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About ALTA
The American Land Title Association, founded in 1907, represents an industry comprised of more than 17,000 title insurance companies operating across the nation, with over 90% being small businesses.
Contact: Alisa Mairone
Office: 202-261-0305
Email: [email protected]