Home News ‘There’s no real benefit;’ Carlisle woman wants out of questionable real estate deal – WHIO TV 7 and WHIO Radio

‘There’s no real benefit;’ Carlisle woman wants out of questionable real estate deal – WHIO TV 7 and WHIO Radio

by admin
0 comment

Just two days after News Center 7’s I-Team first reported that the real estate firm was tying homeowners together in a 40-year listing deal, another Miami Valley homeowner has spoken out, saying decades It is said that he is trapped in a dubious estate that spans a long time. real estate contract.

Carlyle’s Debbie Chastain told I-Team lead investigative reporter John Bedell that it all started with a phone call in June.

“We’ll pay you if you let us list your home,” recalled Chasteen.

>> I-TEAM: A real estate racket?Company offers homeowners quick cash in exchange for 40-year lien

She told the man on the phone that the offer sounded like a scam, but he reassured her otherwise.

“And he said, ‘No, madam, it’s not a scam,'” she said.

Chasteen said he ignored his intuition and signed the contract and received a check for $485. She didn’t fully realize what she had signed up for until she saw her first report from the I-Team on MV Realty on Monday.

“I had to check and I was like, ‘Oh, that’s the same thing I did,'” she told Bedel. “

For the next 40 years, she must either sell her home to an MV Realty agent or pay a cancellation fee of 3% of the home’s value.

“This is the Homeowners Benefit Program,” she said, showing the contract to the I-Team. “only benefits”

>> I-TEAM: Lawmakers question company offering quick cash to homeowners in exchange for 40-year lien

Chasteen, who is a widow, said she was arranging her affairs so that when she died, her home would be transferred to her daughter. transferred to her. Now she’s trying to cancel it.

“I just want to give them my money back and pull this 40-year memorandum off my mortgage, off my house,” she said.

A woman from Warren County said she was worried about her children because the house was for them.

She said she never would have signed the contract if she knew what she was going to do. She now warns potential homeowners about the company.

“If MV Realty calls you, reach out in some way, hang up and slam the door,” she said.

You may also like