MV Realty told Action 9 that Gardner called the company to sign up, and the terms were fully disclosed during the sale and in the contract. “If a notary is knocking on the door when someone is saying I have a check for you, do not sign,” Wonsetler said. Besides the 40-year contract, it forces the owner’s family to use MV Realty to sell the house, and if a homeowner decides to cancel the contract but doesn’t pay the cancellation fee, they could face collections. Our expert says the document is legal but can be risky for some home sellers. “If you have any buyer’s remorse, they are coming after you for thousands and thousands of dollars,” Wonsetler said. Ulrich asked real estate attorney Karen Wonsetler to review the contract. “$8,000 from me, if I cancel, they haven’t done a thing,” Gardner replied.įeeling trapped, she contacted Action 9. “What were the terms of the cancellation?” Ulrich asked. That’s when she heard about the cancellation fee.
She felt the company had not told her the whole story, so she called MV Realty, based in Delay Beach, to cancel.
What really caught her by surprise was the contract lasted 40 years. When she finally got it, Gardner says it included pages she never saw. He didn’t tell me anything was going to be notarized,” Gardner said.Īccording to Gardner, she signed three documents and was paid $1,000, giving MV Realty the exclusive right to sell her home someday.īut she says, for months, the company failed to send her a copy of the contract she signed. “There were two ladies, they were two notaries. Gardner says the agent explained she could also collect $100 more for every person she referred. She says a company agent came to her house and offered to pay her $800 to join its Homeowner Benefit Program. “People who want to sell but they’re not ready, but whenever they’re ready, they would represent you,” Gardner said.
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