Metro homeowners who signed up for quick cash say they didn’t know about 40-year commitment | WSB-TV
ฝัง
- เผยแพร่เมื่อ 16 พ.ย. 2022
- A real estate company is offering metro homeowners a check for a few hundred dollars, but it comes with a four-decade commitment.
Sign up to our daily newsletter: membercenter.wsbtv.com/newsle...
SUBSCRIBE: / channel2actionnews
app=desktop&sub_confirmation=1
ABOUT WSB-TV CHANNEL 2 ACTION NEWS:
WSB-TV Channel 2 Action News is your home for breaking news, live video, traffic, weather and
your guide to everything local for Atlanta and North Georgia.
CONNECT WITH WSB-TV:
Visit the WSB-TV Channel 2 Action News WEBSITE: www.wsbtv.com
Like WSB-TV Channel 2 Action News on FACEBOOK: / wsbtv
Follow WSB-TV Channel 2 Action News on TWITTER: / wsbtv
Follow WSB-TV Channel 2 Action News on INSTAGRAM: / wsbtv
![ตีสิบเดย์ [FULL] | ครอบครัวสะท้านทุ่ง "นางบี & อ้ายสติ๊ก"](http://i.ytimg.com/vi/A1rhYcxxNtA/mqdefault.jpg)
Class Action lawsuit is needed AGAINST this crooked company 😒
facts
I have contacted my Texas AG Ken Paxton. Dealing with this horrible company in Texas right now. They contacted and coerced my elderly father last year. Now he has passed away. What an absolute nightmare.
Get paperwork a good reading. 😂 No empathy.
don’t go for anyone that approach you
@@GothBatty You apparently don't know any elderly people. I hope you'll help your own parents when they can't process info so quickly anymore
Hang up on telemarketers people. They are always up to no good.
You'll be surprised at how many senior citizens talk to telemarketers just to have someone to talk to..
Agree 100% 👍🏾
only answer calls from people you know
She should contact the CFPB. She's a senior citizen, and they took advantage of her.
How is this legal? Hopefully they are sued for misleading people. Fine print or not. Thank you for covering this and helping these people!!
It's legal bc it was their choice to sign something they didn't read or understand. Most people do this, but it's still stupid af
@@An0nymous_L0gic per your comment it's stated in the news report that the company buys loan applications from outside sources. Sooo it's not just these two people, there are thousands of victims.
It's legal because it's done by the government and the government monopolizes violence. Remember if you don't comply they come point a gun at you and throw you in jail or evict you and put you on the street.
@@An0nymous_L0gic you’re an idiot this probably isn’t legal lmao
Just scamming
"And I just kept signing". Honestly this could be considered targeted elder abuse with her age being 75 and locking her into a 40 year term that she is now confused about.
It is Elder Abuse!!
I mean you sign stuff without having any clue what you're signing, what's the point of signing a contract
@@devilmonkey idk man when I was at the dealership signing documents for a new vehicle I read every page of that 12 page document and probably caused me to ask about 4 or 5 clarifying questions during the process. You sign a legal contract you better read it. Now website ToS are different cause those are typically just to use a service and are legally non-binding
@@programaticLearning ah I missed where you said taking her age into account, yeah good point. If the contract is one sided and they target elderly something should be done.
@@devilmonkey Yes my Father was 78 last year when this MV Realty coerced him into signing for this absolute ridiculous "Memorandum". This is actually a LIEN against your mortgage. He just passed away and now we as his children have to deal with this absolute nightmare of a company. He was duped.
40 yr agreements for anywhere from $100.00 to $900.00 is definitely predatory. I hope that company is sued into bankruptcy.
Ppl also need to pay attention about accepting money without reading.
@@FaithandNova what you said is the main thing
They just have to rename Corp and be held unaccountable
People would rather hire lawyers and go on tv than just read it first.
@@hon.mr.ronburgundyiiiesq.2096 No people would rather that that cash they desperately need than go hungry another week. This scam preys on people who are desperate enough to not read the fine print. You've got to be delusional to think anyone did this on purpose to get 5 seconds of fame on some failing cable news show.
If it always sounds to good to be true...NEVER do it!
The sad thing is that there Target clients are some of our most vulnerable Neighbors. Who in their right mind would sign a 40-year contract? I'm not even 40 years old yet
People sign for 30 years so i guess they figured and extra 10 wouldn’t hurt 😂😂😂
People who will be dead in 40 years ect
A 70+ year old person isn't likely going to sign a 40 year old contract! It's messed up that this could even happen. I hope tons of people sue this company out of business!
This is exactly why I don't answer the phone for unknown numbers. 90% of the time, they don't even leave a voicemail, so you know it wasn't actually important.
Exactly... like if you leave no message then im not calling this unknown number back! I rearly pick up for unsaved contacts. People be scamming left and right. I dont really answer my door to solicitors either. Being a home owner people always plotting!
It’s predatory lending and theft, why are we acting like it’s not criminal and protect these people.
You start messing with veterans and you will have the federal government breathing down your neck. Shameful what that company is doing and they should loose their license to practice business for doing it.
My thoughts exactly… I’m watching closely.
@@DeshaunDamon Maybe time for a class action lawsuit against that company. They are clearly targeting communities of the poor, the black, the veterans, the map clearly shows that. I am very familiar with that part of GA. I think if this went to court a lot of people vote on the side of the people and that company would be lucky to walk away with the shirts on their backs.
Look at all the things people would rather do than read.
Yeah right. The government doesn't give a single crap about our vets.
They knew who to target!!!
Skimmers and Scammers every where ! Wolves in sheep's clothing !!
As a realtor, I can say, most clients have no idea what they're signing and it's sad. We should have stronger requirements to be a realtor. Most buyers and sellers have been screwed over in the last two years. ESPECIALLY the buyers who paid over asking/appraisal price that are now underwater for the next 5-10 years.
You shouldn't be able to advise anyone on a purchase or sale for hundreds of thousands with just a 75 hour course lol.
But hey... Make sure you go vote 😂 I'm sure that'll help
I was actually lucky as a stupid 22yr old buying our first home here in texas. The realtor and closing company were excellent at going over every page and making sure we understood what we were doing and what kind of commitment we were getting into.
@@lar-zd9rs Great stuff. Definitely not stupid getting your first property at such a young age! Keep up the great work.
@@officialmarcjenkins well thank God its paid off now. They even showed us how to double up on payments to where it didn't kill us. handled that mortgage loan by the time I hit 35. I just thank God I had decent people selling me this house.
Always read the fine print on anything.
@R Voit apparently, reading is a thing of the past.
Yeah but if you need a magnifying glass to read a contract don’t sign regardless . That’s some shady ish
@@BiancaVie people don't always have the eyesight as others do. That's why the use a magnifying glass.
@@anitakristensen4679 wtf are you talking about the attorney said it was so small she couldn’t read it and needed a magnifying glass to do so. I’m aware older people need to use one to read(my grandparents had to before they passed) but there’s a problem when you make the print so small no one can read it and then you target the elderly. That alone should let you know what these people did was criminal. I hope they are sued and punished to the fullest extent of the law. Did you even watch this video ?
@@BiancaVie yes I did, e times to be exact. And maybe the attorney was saying that because some attorneys will say anything, I wonder what her eyesight would test out as. And talk about fine print, look at products in the stores. Always read the fine print. They do make stronger magnifying glasses.
I am forever gobsmacked at how many people sign contracts without reading or understanding them. NEVER sign anything to do with your home or anything big without hiring a LAWYER! When we were building our house, while walking the property, the contractor tried to get us to sign a BLANK "Commitment to Proceed" form! I told him to please fill it out and send it to us, then we'll have our attorney look it over. You could see his panic. He kept saying " It's a standard form". I said "I'm sure it is, but I'm sure you can understand that this is the largest purchase we'll ever make so it would be foolish not to have our attorney go over everything." I never saw that form ever again!
Arrest the people at that company
This is so sad... and upsetting!!!
Then block the number!
I see the target audience 🧐
Older people and people of color. Typical corporate fuckery
It's horrible, predatory, & clearly immoral. I hope to God they all sue & win back ownership of their homes.
These folks were so stupid. But the people who are committing this scam needs to be DEALT WITH OUTSIDE of the court system.
That's not very nice but yes. So much going even in wash dc.
Wow! Glass house🥴
Maryland…harsh language when you have not walked in these peoples shoes.
One is a Senior the other Disabled.
The Justice system needs to investigate this Company and file legal action against them. These people need “to be made whole” by this company..
@@casaugustine there are some people in life that you have to speak to in the ONLY language that they understand.
Citizens should have protections against predatory behavior on domestic soil.
you know the great thing about cell phones is you put in all your friends and family and assign them a ring tone separate from other calls and when you hear the other ring tone you ignore than block and delete . just like the government when anyone say free or it will benefit you don't believe them.
This is predatory and downright wicked.
Just because something is legal doesn't mean it's not fraud, and this is a clear case of fraud
They drop the law suit against the lady so they are at fault arrest those people at that company
What the hell?!
That little lady was duped by some greedy SOBs.... They'll burn in hell for what they're doing to these people
And why didn't God just prevent this happening in the first place?
"...and I just kept signing"... People have to learn how to start reading these contracts, or in this lady case, having someone else read over it for them, preferably a lawyer. Even if you have to tell the company to let you have a couple days to read over everything then get back to them, it's worth the time because anytime they're rushing you sign should be a red flag🚩🚨🚩.
They sure know who to target, the elderly (over 50) and in certain areas where there’s little push back legally. A company that buys potential ‘leads’ from other companies that have placed ads online. Be careful when filling out anything online because there’s companies watching. Lurking in the shadows. Whenever you click ‘allow cookies’ on any website it’s permission for them to track you as you navigate on their site and sometimes other related websites. Incase you’re wondering how Amazon, eBay and others send you suggested items that you might have looked at in the past.
READ! Or ask family or church members to review before signing!
You always have to have a lawyer review these document.
The company, MV Realty, has filed for Chapter 13 bankruptcy and now they are trying to change it to a Chapter 7 bankruptcy. Give it another year and they'll be non-existent 😊😊😂😂😂
Don’t answer the phone unless you you know who is calling
Exactly! If they don’t leave a message, they didn’t want anything anyway
ALWAYS READ THE FINE LINES!! SMH
People need to stop answering phone calls from telemarketers and also stop clicking on links in their junk e-mails
So you would risk your home for $125 dollars. Hmmmm. I feel sorry for her but she should have asked someone before signing anything.
Especially if she can't read. It's not the company's fault she can't read.
@@Eastsidegeorgiaboythat is why the company is predatory: they knew the people could not understand legal paperwork. Any decent human would understand the notion of predatory power imbalance vs “oh well they should have read”-when the people cannot read. 😊
@@itsme-os1jb unless a person is a complete child or mentally unsound, there is no excuse for not being able to read, especially by the age of 65. Blaming your foolish decision to sign a contract when you know you can't read is ridiculous. Sorry, but thats life. Nobody forced her to sign this. I don't think it's predatory. They are just counting on people being uneducated and foolish enough to sign a document without reading it or understanding it at all. Frankly, I think they are teaching a lot of people a lesson. I can see if they were being deceptive but they weren't even being deceptive. All the terms were right there in the contract all she had to do was read or get someone else to read it for her. She is just someone who blindly signs things without thinking twice about it. I don't know who's worse in this case the marine or the old lady. At least he fully knows how to read, but that means he just did not give care about the contract and signed it. Both of them are tripping. All it took was for the news to read like one sentence from the contract for you to know that is not a contract in your favor. This is what a lack of Education gets you. The lack of a basic K through 12 education is here as a great example of why you should at least finish your basic schooling.
Always read the fine print...And if you can't read, you shouldn't be doing any type of business...
Elder abuse
Can't imagine a contract like that would be legal, not without legal representation explaining to you what each document was that you were signing
MV Stands for "Most Vulnerable"
You need to have a lawyer present in your home to see what those papers are it is mostly important because if you're signing something you don't understand you might as well mess up so it's important to have a lawyer in place to see the paperwork before signing it or otherwise someone is violating your rights or your violating yourself not knowing what you're getting into they need to investigate this person so that you know what they're up to this is no good when people do things that are out of control you're up there and age you don't need people taking advantage of it or taking it for a granted a lawyer needs three look at the paperwork that you had to sign did they give you copies you must always get copies from anything you have signed but I would always have a lawyer in place when I'm signing these papers if I don't understand
Folks you can't sign everywhere a stranger tells you, let's use some common sense
Moral of the story,don’t answer the phone.
This is something our government should be focused on!
NEVER sign something like this if you don't understand the terms. Lesson learned I hope!
She allegedly can’t read because she left school in the 6th grade???( At 75 her 6th grade education is probably equivalent to a High school education today.) However, she had enough sense to go get a lawyer…🤔 I wonder if she even knows what is in her current mortgage contract??? Well at least she got the lien on her house cancelled. God truly looks out for babies and fools.
It is reprehensible that the company does this. But what kind of idiot would sign papers with knowing what’s on them
$125 for a 40- year commitment ?! That’s criminal
Regardless of the confusion aspect, this is illegal. I’m a Realtor and I’d lose my license. They need to lose their broker license.
If someone calls you out of the blue, you need to read EVERYTHING before signing anything. Listing agreements are typically for a year.
i'm 52. Being hearing about Scams on Homeowners since i was a Kid. Gide Damn when it comes to your Home why are trusting Strangers for your Best interest??!!
This MV Realty company has been BANNED in some States like Colorado. They did the same thing to even educated homeowners.
MV Realty should now be known as Making Victims Realty. Refer to them as that and watch them go out of business.
They would never have been in business if people would read.
That's the problem with some people they're don't read things before they're sign.
Guilty. It takes so damn long to read the paperwork for, really, anything.
READ What you SIgn.
Thank you Desantas.
What does DeSantas have to do with the capital city of Georgia?
I worked for this company. Believe everything that is being said!! We wasnt privy to the details but the people I called sure let me know what company I was working with.
Don't accept calls or texts from these so called real estate companies. Hang up and block these scammers.
All contracts need to be in larger print whether you can't see it needs to be in large print so anybody can read it
Theres a reason we have lawyers to go over legal ppwk. Come on people
I don’t trust nobody or nothing! If it sounds to good to be true it is. If you can’t read please hire a lawyer to look over contracts before you sign them please
You are profoundly ignorant if you sign documents for money, especially when your house is involved and don't read the entire contract - or have an attorney look it over for you.
Dump people with money / real estate are the targets.
Well, ma'am. That is why learning to read is so very important
That's not the point.
My girlfriend always asks for the contract and takes it home. She reads it over twice, page by page. Normally finds several red flags
I'm not denigrating anyone or being disrespectful and my heart goes out to these people, but one thing I've learned in my business dealings is read read read and if someone tells you well this is what it says but that's not what it means then tell them no or cross it out and initial it and have them initial the change in the contract. And if a person is elderly, your parents or grandparents please help them because we have very bad people out here.
This is predatory and disgusting
So predatory! Hope somebody is drafting laws. Not that the gov of FL will sign any 🤬
She could read well enough to buy a home.
This is predatory but jeez read your contracts. If you can't read, don't sign.
Dont sign contracts if you dont know what they are for? FFS...
That's why you read every contract no matter how long they did it to themselves. You can't feel sorry for them they acting like through the victim. And they're at fault
@@nackolas123 ..The stupidity and ignorance in the north and out west is beyond illiteracy..Blue🟦=Democrats voted for the Biden administration who paid people to stay home,and bankruptcy america..Our borders are wide open for illegals and fetanoyl and cocain by the tons..Illiteracy is an A+ compared to New York and California blue🟦 democrat states..Special education for the arrested development is needed in the north and out west.
@@nackolas123 ..So your saying the people up north and out west can't read the Biden administration contract to bankrupt america?.Biden doing the very same thing many senior citizens get scammed by spam callers,he tell the democrats blue🟦 what they want to hear and the illiterates vote for him=Contract for 4yrs.
@@nackolas123..Sure,I know you never thought of it that way but it's the same scam.
@@nackolas123 ..Yeah and in pointing towards an area,the north and west.
at of places dont LET you read it, they just show you were to sign. Its a practice that should be shunned
I will make it easy for everyone. Dont sign ANY contract without reading it. If you dont understand the contract either get a lawyer, or dont sign at all. If you cant read, then you should NEVER sign a contract.
just hangup...they wanted that $450 off the back for nothing
I hope they help all those people
Jesus Christ
Why so mean?
Legal shake downs . Attorney general can stop these crooks
"and i just kept signin" lmao sounds like a personal problem honestly. its not anyone's job to teach her how to look at a contract but herself. The people using these contracts don't have to teach people anything.
People get an attorney to read over any contract agreement before signing. Doesn't cost much, and it's cheaper in the long run. Even when buying cars.
That is SICK… That’s the reason why they dropped it because it is wrong!
Reading is fundamental
Most people would rather step on a landmine than read.
this is why you should read everything before you sign something
It is time for a class action lawsuit.
After falling for such a lame scam as this, makes you wonder how in the hell did they get a house in the 1st place.
I'm not sure how being taken advantage of means you can't buy a house.
Maybe because they bought the house from a honest person/ bank.
@@ShannonsBibleStudy meaning if they was smart enough to buy a house they should have been smart enough to not sign for $125.
@@FaithandNova Thank you
Ignorance is not anyone else fault but yours.
Why is florida attorney General allowing this??!!
I will bet not one of these people read the contract because all they cared about was getting the money. They should bear some of the responsibility of their ignorance.
Brought to you by the same fools who are going to save your money on electric
I feel very sorry for these people. This should never be allowed but this should also be a wake up call for those that sign contracts they do not understand.
Y'all have a right to a lawsuit that's why I said next time have a lawyer in place to look at the paperwork before even signing any one of those papers just to keep yourself safe from predators like this
READ BEFORE YOU SIGN
They were predatory lenders focused on black neighborhoods pulling a scam wow
We'll sick Hershals team on them here in a couple weeks
Read everything you sign. If you don't, that's on you
Off topic:
Its 2023 and they are still uploading in SD (this video was).
This physically enrages me the pursuit of money by this company is down right criminal these people should be in jail
The audacity for them to say they don't believe the woman when she says she can't read. What a dispicable company
wow a crooked realtor... SHOCKING
if you can barely read, you probably shouldn't be signing any papers by yourself. this is common sense. i love the attorney who basically called her clients dumb, this is one of those cases where predatory companies do search for idiots who will sign papers for money. i also love how the one guy oversprayed all his windows instead of masking and taping them.
We have to start reading the whole contract of things and stop taking people's word when they say "this means this and this means that sign here" .
In America, you need basic economics knowledge with agreements .
Never ever go through a private company promising federal grants, instead if you need help contact your state's department of agriculture. That is the bureau that handles federal home improvement loans/grants and will put you in touch with an agent from the department that will help you apply for and find any available resources. Private companies like this are solely interested in profiting off of your desperate situation.