Bucks County Recorder of Deeds, Dan McPhillips, is working with Recorder of Deeds from surrounding counties and the Attorney General’s office with a lawsuit against MV Realty.
In the beginning of the year, Dan McPhillips, Bucks County Recorder of Deeds, had been contacted by the Commissioner of Records in Philadelphia County, James Leonard, about complaints their office has been receiving from residents about a company, MV Realty. Since then, the complaints have reached the state level, and before ending his term as Pennsylvania Attorney General, Josh Shapiro, brought a lawsuit against MV Realty.
This lawsuit states that MV Realty is misleading residents with their Homeowner Benefit Program. The program offers residents with a one-time monetary pay out, between $300-$1500, in exchange for exclusive rights to list the resident’s property if they decide to sell within the next forty years. In reality, what is being communicated initially to the residents over the phone, is not what is then presented in writing, specifically that a mortgage is being recorded against the resident’s property.
When originally contacted by the Leonard about MV Realty, McPhillips asked his employees if there have been any recordings, or resident complaints, in the office. While no complaints have been heard in Bucks County, it was discovered that close to one hundred mortgages by MV Realty have been recorded since 2020. Due to the deceptive practices of MV Realty, McPhillips recommends Bucks County residents to sign up for the Free Fraud Alert Program offered by his office. Especially in light of the fact that MV Realty’s practices were brought to the attention of residents in Philadelphia County, and therefore the Records’ office, because of they were registered for Philadelphia County’s Fraud Alert Program.
The Attorney General’s office asks that if any resident has concerns about a mortgage recorded on their property by MV Realty to contact Agent Jordon Foley at jfoley@attorneygeneral.gov or 717-857- 2104. A complaint can be filed online with the Bureau of Consumer Protection.
To sign up for the Bucks County Fraud Alert Program contact the Bucks County Recorder of Deeds office, please call 215-348-6209 or visit us at this link.